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Italy VAT increase to 25.9% 2019

03-02-2017

In the 2017 Budget law, Italy confirmed a number of potential VAT increases. These will only be applied if the country fails to met a range of budget targets, including meeting the Euro currency 3% fiscal deficit rule.

Greece EU VAT bail out dispute

19-12-2016

Greece announced this week that it would not proceed with a planned VAT raise on certain holiday islands. The austerity measure has been agreed with major debtors of the country as part of a bail out programme stretching back to the Euro crisis.

Sweden Mulls New Aviation Tax

09-12-2016

A commission appointed by the Swedish Government to explore options for taxing air travel has recommended the introduction of a three-tier flight tax based on distance traveled.

UK Releases Preliminary VAT Gap Statistics

29-11-2016

The UK's value-added tax gap - the amount lost due to evasion and avoidance - is expected to be broadly the same for the 2015-16 tax year as in 2014-15, HM Revenue and Customs (HMRC) has said.

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