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Tag: EU

European energy, petrol, diesel & food VAT rate cuts on inflation crisis

European energy, petrol, diesel & food VAT rate cuts on inflation crisis

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Eurozone energy inflation 38% April 2022; temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 7.5% in April 2022, up

EU VAT Gap Initiative 2022

EU VAT Gap Initiative 2022

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Sharing best practices on tax administration and collections to reduce missing VAT The European Commission is developing its VAT Gap Initiative in the third quarter of 2022 to help exchange ideas between EU member states’ tax administrations to help close the EU VAT Gap.  This

VAT cuts to help with electricity and food prices during fuel and inflation crisis

VAT cuts to help with electricity and food prices during fuel and inflation crisis

in Tags

Tax subsidies for domestic power and foodstuffs as inflation hits new highs A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy. Energy price rises in January 2022 were the biggest contributor to the rise in Eurozone inflation

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