Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-902"

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"en.20101123.33.2-902"2
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"I voted for this report. With its proposal, the Commission proposes to extend by 5 years the current requirement for EU countries to have a minimum standard VAT rate of 15%. Therefore, the proposal will have no consequences in terms of tax rates. The Commission proposes that the extension should take effect on 1 January 2011 for a period ending on 31 December 2015. To maintain the degree of harmonisation of rates already achieved, the Commission has twice submitted proposals providing for a standard rate band with a minimum rate of 15% and a maximum rate of 25%. The band was derived from the rates applied in practice in the Member States, where the standard rates had always varied between 15% and 25%. In both cases, the proposals to approximate rates were amended by the Council which kept only the principle of the minimum rate. I agree with the Commission that the purpose of the extension is not only to give businesses the necessary legal certainty, but also to allow further evaluation of the appropriate level of the standard VAT rate at EU level. I believe that in the future Green Paper on the review of the VAT system, the Commission should not only examine the specific issue of the standard VAT rate and other rates, but also the broader issue of a new VAT strategy, including the scope of VAT and the derogations."@en1

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