VAT - what's the future?

[ACEparts_com]

I heard on the grape vine that it will go up to 20% in December?

[mybrainhurts]

No, it's 500%...

Yes...

[chr15b]

i very much doubt it will return to 17.5%

[ACEparts_com]

Country ↓ VAT ↓
Austria 20% GST
Belarus 18%
Belgium 21%
Bosnia and Herzegovina[1] 17%
Bulgaria[2] 20%
Croatia 22%
Cyprus 15%
Czech Republic 19% (9% on selected goods and services)
Denmark 25% (VAT free on airplanes)
Estonia 18%
Finland 22%
France 2.1% (drugs, newspapers, theatres), 5.5% (raw food, books), 19.60%
Germany 19% (7% on selected goods and services)
Georgia 18%
Greece 19%
Hungary 20%
Iceland 24.50%
Ireland 21%
Italy 20% (10% and 4% on selected goods and services)
Latvia 21% (10% certain goods and services)
Lithuania 18%
Luxembourg 15%
Montenegro 17% (7% for certain goods and services)
Netherlands 19% (6% for certain goods)
Norway[4][5] 25%(foodstuffs 13%)
Poland 22% (some products i.e. food - 7%)
Portugal 21%
Romania 19%
Russia 18%
Serbia 18%
Slovakia 19%
Slovenia [6] 20%
Spain 16%
Sweden 25% (12%/6% for certain goods and services)
Switzerland 7.60%
Ukraine 20%
United Kingdom [8] 15% (1st Dec 2008 - 31st Dec 2009) 17.5% thereafter (some items at 5%, some items 0%)

Wow, UK has the lowest tax at the moment!

[LukeBird]

ACEparts_com said:

Wow, UK has the lowest tax at the moment!

I think those are the key words...

[anonymous-user]

ACEparts_com said:

Wow, UK has the lowest VALUE ADDED tax at the moment!

[The Excession]

Completely irrelevent trivia, Ireland has two rates of VAT, 21% and also 13.5%, can't remember many items that are under the 13.5% - I think labour charges are rated at 13% and agri diesel etc.

[Lord Pikey]

THe s will put it to 20% citing that they need to recoup lost moneys.

GRRRRR!!!

[Puff Puff]

ACEparts_com said:

Switzerland 7.60%

United Kingdom [8] 15% (1st Dec 2008 - 31st Dec 2009) 17.5% thereafter (some items at 5%, some items 0%)

Wow, UK has the lowest tax at the moment!

Should have gone to Specsavers.