EU VAT rate news

September 2011

EU has supported Hungary’s 2% increase in the higher rate to 27%.

Italy has increased its higher rate by 1% as part of its austerity package.

Greece, under its austerity measures, has shifted the VAT liability of supplies of food and soft drinks (including water) to the higher rate of 23% with effect from 1 September 2011.

Portugal is to consider a further increase of 2% of its higher rate to 23%.

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