The Resource The application of the zero VAT rate on children's footwear

The application of the zero VAT rate on children's footwear

Label
The application of the zero VAT rate on children's footwear
Title
The application of the zero VAT rate on children's footwear
Creator
Subject
Language
eng
Summary
The harmonized VAT system in the European Union includes a common minimum level for the standard and one or two reduced rates. Despite various political debates on temporary derogations as regards super-reduced rates and zero-rating, a great number of these derogations are still allowed in the VAT Directive. This article focuses on the ongoing application of a zero rate for children's footwear in the UK. Although this derogation was introduced in 1973 for social and health reasons, it cannot be excluded that the growing household income may have made it possible for the suppliers of children's footwear to sell their products on the market at a price equal (or almost equal) to a price which reflects the imposition of the standard VAT rate. However, reduced rates for VAT (including super-reduced rates and the zero rate) appear to be very difficult to abolish. The EC Commission has announced a broad political debate on VAT rates other than the standard rate: it is all but certain that this will lead to a limitation of reduced rates
Citation source
In: British tax review. - London. - (2010),
http://library.link/vocab/creatorName
Kogels, H.A
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • VAT rate
  • zero rate
Label
The application of the zero VAT rate on children's footwear
Instantiates
Publication
Label
The application of the zero VAT rate on children's footwear
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
Processing Feedback ...