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Bioethanol production in France would be subject to the full VAT rate, but has a partial tax exemption of €0.14/l which is applied only to a certain quota of ethanol (in 2010 this was 867,000 tonnes).
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But, if Congress will let it, it plans also to convert the existing 16.5% wholesale and luxury-goods sales tax into a full-fledged VAT, albeit not under that name.The low price of oil is the main culprit.
The wildlife-tracking NGO Traffic found tiger bone wine selling at $257 for500mll, while another group, the International Fund for Animal Welfare (IFAW), found one farm alone had a cellar full of vats containing 1.2 million litres, worth an estimated $617m.
The cost of eating out has leapt as restaurants pass on the full cost of VAT.
How could you have more fun than a legion of spider monkeys, on crack, gambolling about in a vat full of rum?
Sustained lobbying from female Labour MPs, led by Calder Valley MP Chris McCafferty, persuaded the chancellor to introduce the change, which ends the policy of treating tampons and sanitary towels as luxury items incurring the full 17.5% VAT rate.
He said that when we are born, we are all given a vat full of drink, and at the bottom of this vat was horrible sediment, and assorted toxic substances that made us feel awful.
If you've passed through the city in the past century or so, you might expect that pushcart to be serving what everyone (even a drooling aficionado) likes to call a "dirty-water dog," a hot frank plucked with tongs from a metal vat full of warm, salty liquid.
Standing over an open fermenting vat full of a golden brown froth and checking its temperature gauge, Stefan Fritsche recalls how, in the midst of the row, just when he thought it could not get any more absurd, he was contacted by the finance ministry.
But Apple, as we see, does nothing without running it past a vat full of lawyers.
This stuff smells like mothballs that have been fermenting in a vat full of a year's worth of John Madden's leftover Tinactin scraped from his toe cleavage.
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