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Europe Daily Bulletin No. 8592

26 November 2003
GENERAL NEWS / (eu) eu/ecofin
Council calls on Commission to prolong current reduced VAT rate

Brussels, 25/11/2003 (Agence Europe) - The Ecofin Council called upon the European Commission to unanimously support a two-year extension of the current reduced VAT rate for services with high labour intensity, to expire end December. This extra time would allow discussion to be continued on the new proposals for harmonising reduced VAT rates, over which France and Germany still differ. Commissioner Frits Bolkestein immediately refused to make a proposal for extending the current system,...

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