EU PLAN TO SLAP VAT ON FOOD

Source: Express

EU plans for a radical tax shake-up could cost struggling families and pensioners £800 a year.

 

The European Commission wants VAT exemptions on food, children’s clothes and other essentials abandoned in an effort to harmonise the sales tax across Europe.

Its plans come after the Coalition raised the VAT rate to 20 per cent last year but kept an exemption for food, children’s clothes, passenger travel, books, newspapers and other products.

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