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"
- UK May Cut VAT on Public EV Charging to Offset Pay-Per-Mile Scheme and Boost Adoption
- UK May Cut VAT on Public EV Charging to 5% to Match Home Rates and Boost Adoption
- UK Overhauls VAT Grouping Rules to Attract Global Investment and Reclaim Overpaid VAT
- Supreme Court Rules VAT on Share Sale Costs Not Recoverable Despite Fundraising Purpose
- PFI Expiry: Managing VAT and Partial Exemption Risks at Asset Handback for Local Authorities
