Considerations on COM(2005)136 - Amendment of Directive 77/388/EEC on the common system of VAT, with regard to the length of time during which the minimum standard rate is to be applied - Main contents
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dossier | COM(2005)136 - Amendment of Directive 77/388/EEC on the common system of VAT, with regard to the length of time during which the minimum ... |
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document | COM(2005)136 |
date | December 12, 2005 |
(2) | The standard rate of value added tax (VAT) currently in force in the various Member States, combined with the mechanisms of the transitional system, has ensured that this system has functioned to an acceptable degree. It is nonetheless important to prevent a growing divergence in the standard rates of VAT applied by the Member States from leading to structural imbalances within the Community and distortions of competition in some sectors of activity. |
(3) | It is therefore appropriate to maintain the minimum standard rate at 15 % for a further period long enough to cover the ongoing implementation of the strategy to simplify and modernise current Community legislation on VAT. |
(4) | Directive 77/388/EEC should be amended accordingly, |