During the 2016 Brexit referendum campaign, one of Vote Leave’s promises was that “fuel costs for everyone will be cheaper.” EU regulations stipulate that Member States cannot reduce their domestic energy and gas VAT to less than the current 5%.
Source: londonnewstime.com
Latest Posts in "United Kingdom"
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
- Navigating UK VAT: Key Considerations and Pitfalls in Exporting Goods
- HMRC’s New VAT Error Correction Rules: Stricter Penalties and Reporting Changes Explained
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
- UK Supreme Court Confirms VAT on Intragroup Fees for Former VAT Group Members