Sentence examples for vat concession from inspiring English sources

Insisting that "VAT relief at airports is intended to cut prices, not to be a windfall for shops", Mr Osborne said it was "simply unacceptable" that "many people could be paying over the odds because the Government's VAT concession isn't passed on".

Among elements in the proposal, dated June 26 at 8 p.m. (1800 GMT), were language on pensions that differed from a confidential draft seen by Reuters earlier last week, and a concession on VAT for Greece's vital hotel industry.

The Tsipras government indicated it was ready to accept a large part of its creditors' demands, but asked for concessions on VAT reform and pensions.

Delegates at the summit, chaired by the local tax expert John Endacott, outlined potential ways to approach the government over the tax, ranging from pushing for a complete repeal to trying to gain concessions such as paying VAT at only 5% or asking for pasties to be exempt.

That means 300 to 500 pounds of fried chicken must be supplied to the concession stand, along with a huge vat of jambalaya.

Many other countries have similar reduced VAT schemes to support isolated territories, such as Spain's concessions to the Canary Islands.

Greece submitted concessions overnight in response to creditors' key demands including raising VAT and making changes to the country's pension system that would eventually raise the retirement age to 67.

The concession to be abolished is the scheme by which salaried workers can set VAT payments off against income tax by presenting receipts they gather during the year.

But while focusing on the superannuation concessions does highlight the great inequity of tax expenditures, the IMF working paper also notes Italy's concessions on its version of the GST - the value added tax (VAT).

It has also ended concessions that allowed tourist enclaves such as the Mayan riviera and Baja California to charge a lower rate of VAT.

The details of the Greece's concessions were not made public but the country's Economy Minister, Giorgos Stathakis, told the BBC they included an increase in the VAT rate for selected items, although not for electricity.