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EU Council Presidency Proposing Phase-Out of Reduced VAT Rates for Products Negatively Impacting Climate

|Proposed Changes|European Union
European Union

The Presidency of the EU Council has proposed discussions at the next ECOFIN meeting on changes in the scope of reduced VAT rates for products that have a negative impact on the climate. Current proposed amendments to the EU VAT Directive would change the scope of goods and services to which EU Member States are allowed to apply reduced VAT rates by changing it from a list of supplies for which reduced rates may be applied to a negative list for which reduced rates may not be applied. In oth…

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