Quote:
Originally Posted by RizzyKing
Arn't we signed up to a certain vat rate in the lisbon treaty to bring all EU member states into line on vat and that it has to be implemented within a certain time i am sure i heard that somewhere. As i said in another thread loving the way labour supporters are on the back of this coaltion after less then a week in power when they didn't get on labours back in the thirteen years they robbed us of many of our rights and did all the damage that now has to be put right.
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Having just had a quick skim of the Lisbon Treaty I don't think there are any new VAT rules
but I seem to recall looking at the rules in the mid-90s which talked about aiming to harmonise but I don't think there has been a formal process. I think there were two levels of VAT (necessities and luxuries) which countries had to keep the VAT level within. However on items which were/are zero rated this could be maintained but if VAT were then charged on these items it could only be reduced to minimum. This happened with VAT on domestic heating bills. The Tories removed the zero rating and levied a rate of 8%. When the Labour party came to power they could only reduce it to 5% and not back to zero previously