EU VAT Changes

EU VAT Changes

Here is a brief summary of the standard principle VAT rate changes which became effective during January 2013 and of others which will shortly come into effect. However, the exact period of validity for these changes, plus details of differences in their application, further planned increases, reduced rates and other features, is at times complex, and also remains fluid due to each country’s different economic situation and legislative procedures.

It is important that you keep abreast of all these changes, for which one of the best sources for regular updates is the EU VAT Rates overview.

 

January changes

 

Country

Revised rate

Effective date

Cyprus

18%

14th January

Czech Republic

21% and 15%

1st January

Finland

1% increase on all rates

1st January

 

Planned future changes

 

Country

Revised rate

Effective date

Slovenia

Standard: 22%; Reduced: 9.5%

1st July

Italy

22% (subject to approval)

1st October

Ireland

9% rate to be revoked

31st December

France

20% (subject to approval)

1st January 2014

Cyprus

19% and 9%

13th January 2014

Luxembourg

18% maximum (proposal only)

1st January 2015

If in doubt, contact Customer Service on 800 FedEx (17334448) for further information and advice.