Thursday, January 19, 2012
Government at Work - Value Added Taxes (VAT)
Value Added Taxes are often presented as the cure and/or replacement for existing tax inadequacies.
European countries have moved substantially in that direction.
It's difficult to know for sure without personal experience; however, a review of their rates and rate increases does NOT inspire confidence...
Explanations of VAT and it's terms and conditions...
European countries have moved substantially in that direction.
It's difficult to know for sure without personal experience; however, a review of their rates and rate increases does NOT inspire confidence...
The TMF Group keeps track of VAT rates:
"Below is an overview of the European VAT rates in 2012."
Explanations of VAT and it's terms and conditions...
are here at the U.K Revenue and Customs website:
"VAT rates explained: standard, reduced, zero, exempt"
