Quote:
Originally Posted by midgetman
Peter I think maybe you've got two different situations mixed in together. Under EU law VAT cannot be less than 15% (Source: Wikipedia). However the VAT rise from 17.5 to 20% was definitely a Conservative/Lib Dems coalition choice as this article sets out:
http://www.channel4.com/news/article...t/3688427.html
As an aside, because I'm not VAT registered I buy goods from Europe with VAT added on as any consumer would. Racewear comes from Germany attracting 19%, awning spares from Italy attracting 22%. If we leave on WTO terms presumably I'll pay VAT at 20% via the import agent as I do on my Far Eastern purchases - and on the smallest packages there's never any VAT or duty added. So I may be better off, although delivery times are all over the place if customs get involved.
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Yes I do recall the coalition doing it. So outside the EU it can reduce to below 15% although I doubt it.