29 June 2016
The European Union has decided that it will retain the minimum standard rate of VAT at 15% until at least the 31 December 2017.
This minimum VAT rate means that no EU member state can reduce their standard rate of VAT to less than 15%. This is intended to prevent large differences between the standard rates of VAT in all EU member states.
LATEST NEWS
Romania Proposes Fixed Levy on Low-Value E-Commerce...
Romania has proposed the introduction of a fixed charge on certain low-value consignments, valued under €150, entering the country from outside the European...
SEE MORE
LATEST NEWS
France Proposes €2 Customs Charge on Low-Value...
In October 2025, the French government unveiled its 2026 Finance Bill, which has been submitted to the National Assembly for debate before moving to the Senate...
SEE MORE
LATEST NEWS
Ireland to Introduce Mandatory E-Invoicing for...
Ireland has confirmed plans to implement a mandatory electronic invoicing regime for business-to-business (B2B) transactions, starting 1 November 2028. This...
SEE MORE