The European Commission: Minimum VAT rate of 15% has been extended by the EU Council

The European Commission: Minimum VAT rate of 15% has been extended by the EU Council

The Commission has decided to retain the minimum standard VAT rate of 15% until at least 31 December 2017.

This minimum VAT rate means no EU Member state can reduce their standard rate to less than 15%. This is intended to prevent large differences between the standard VAT rates in the EU Member states.  Today Hungary still has the highest rate at 27% and Luxembourg the lowest at 17%.