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A further £68m would be recouped through the extra VAT on increased spending.
This year, extra VAT will raise €680m and next year €1.3bn, according to the Greek budget presented to the troika.
"The £30m they claim will be generated by the extra VAT will be neutralised by the cost of job losses and people being unemployed, facing uncertain futures.
Funds are not ring-fenced as promised, hit by extra VAT, national insurance and inflation, plus £500m sliced off for social care.
It also contains the line "They put £450 extra VAT on your shopping bill". The slogan left them open to accusations of hypocrisy, as former Labour chancellor Alistair Darling has admitted that he was also planning to raise VAT.
Ryanair called on the Government to "axe the tax for all" in the UK, citing a 10 per cent rise in tourist traffic in Ireland since it was abolished there in April with the extra VAT received exceeding the loss of APD.
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There are no extra tax, vat, gratuity, tip, fee, charge etc... Know how to bargain for something in India.
The local effects of EAT on the myocardium are emphasized by a study by Hua et al. who reported an association between LV function and EAT beyond systemic inflammatory markers and serum levels of adipokines, which is in favour of a site-specific rather than an extra-cardiac VAT effect [ 28].
Hopes of a deal that would spare Greece from a looming debt default and possible exit from the single currency rose sharply on Monday after the country's European partners welcomed proposals from Athens to cut its pension bill and raise extra money from VAT.
In the invoice I received, an extra 4% of VAT were charged additionally to the price of the journal.
The government has put the bill at between £15bn and £20bn but campaign group Greenpeace claims it will run to at least £34bn once extra costs like VAT are factored in.
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