403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
EU has powers to set sales tax rates by 5 percent
(MENAFN) European Union states will have more powers to set sales tax rates, introducing a broad reform of Value Added Tax rules, which will curb widespread VAT.
Furthermore, the plan follows repeated stress from EU states to scrap the system based on centralized EU-wide rate-setting mechanism.
Additionally, Britain will maintain its right to implement zero rates of VAT, a legacy entitlement that it shares with other older member states.
On the other hand, this would solve the tampon tax issue, emphasizing that this measure would allow Britain to reduce VAT at 5 percent rate.
Furthermore, the plan follows repeated stress from EU states to scrap the system based on centralized EU-wide rate-setting mechanism.
Additionally, Britain will maintain its right to implement zero rates of VAT, a legacy entitlement that it shares with other older member states.
On the other hand, this would solve the tampon tax issue, emphasizing that this measure would allow Britain to reduce VAT at 5 percent rate.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment