Sentence examples for vat exemptions from inspiring English sources

Put simply, the EU doesn't like VAT exemptions or special low rates.

It also said the VAT exemptions contributed to the very high rate of VAT evasion in Spain which, at 65%, is well above the OECD average of 45%.

International finance officials say that to do so he needs to cut a budget deficit that is expected to reach 7% this year, by raising electricity tariffs and eliminating hundreds of VAT exemptions.

And the IMF is likely to be tough, insisting on income-tax reform, an end to VAT exemptions, no price-freeze for diesel fuel, and real progress towards electricity and telecoms privatisation and a modernised oil industry.

Instead, the government is now seeking to raise an extra $1 billion in taxes next year, by raising income tax, eliminating VAT exemptions, and levying a tax on pensions.That risks damping down a promising economic recovery.

The inquiry has been welcomed by consumer rights campaigners, after The Independent exposed earlier this year how some airport shops appeared to be pocketing the savings from VAT exemptions rather than charging lower prices.

The VAT exemption probably also costs governments income.

The company would market its services to other universities, making it eligible for VAT exemption.

A change.org petition has been set up, asking Vince Cable to intervene and uphold the existing VAT exemption tax.

An "impact assessment" produced at the same time said the financial sector enjoys a general VAT exemption which nets it €18bn a year, giving it preferential treatment over other sectors and distorting prices.

A report for the European commission in May estimates that more than €500m a year is being lost to member states because of the huge volumes of packages qualifying for the low-value VAT exemption.