Regulus Arcturus Black
Full Member
They could do it on all the other product but you still pay 20%, don't kid yourself they are happy to make you 5%.
Very good point, if the minimum standard is 15% and the UK really wanted to help households pay less VAT, they do have a shit load of wiggle room. Wasn't it only 5 years ago the UK (not Europe), raised the standard UK VAT by 2.5% to "boost tax revenues to cut its deficit". They could always drop it to 17.5% again.. won't happen though.
I think @Nick 0208 Ldn also needs to remember that the UK were part of the original decisions in enforcing these minimums on the EU member states.
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