Quote:
Originally Posted by HarryT
It's so much easier in Europe, where countries have a single, nation-wide, tax rate!
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Pedantry time - I don't think any European country has a
single rate - in the UK for example there are rates of 0%, 5% & 20% - and there are plenty of anomalies depending on who is buying to what the rate is... other countries often have a "normal" (15%+), "reduced" (5-14.9%) and "super-reduced" (0-4.9%)rate in addition to zero (Denmark is the only country that doesn't have either a reduced or super-reduced rate).
Example: I go to buy safety boots for my own use, 0% VAT is levied. If my employer buy the same safety boots from the same supplier on my behalf, 20% VAT is levied.
They are all however nationally applied. Read more
here (PDF) if you're suffering insomnia.