Inflation hits 22.5% in September prompts agreement to lower taxes on domestic heating to 5% The Lithuanian Parliament has agreed to reduce the VAT rate on domestic heating from 21% to 5%. This would apply to hearing energy and hot water supplies. It will apply
Eurozone energy inflation 38% August 2022 (40% July); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 9.1% in August,
9.6% August inflation prompts rollover of petrol VAT cut The VAT cut on retail petrol in Cyprus has been extended to 15 January 2023. They were due to end at the end of this month. Prior cuts due to end August 2022 This inflation burst
UK Prime Minister candidates review VAT cuts: standard rate from 20% to 15%; energy cut from 5% to 0% Conservative party leadership candidates, and therefore the next Prime Minister of UK, review proposals to cut the reduced VAT rate on domestic energy from 5% to
Eurozone energy inflation 42% July 2022 (39% June); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.9% in July,
Temporary VAT cut to 9.5% bill on domestic energy and electricity Slovenia’s National Assembly has confirmed a VAT rate cut on gas bills from the standard VAT rate 22% to the reduced rate of 9.5%. The temporary reduction will be in place between 1 September
Inflation spike hits 22%; prompts bill to lower taxes on domestic heating to 5% The Lithuanian Parliament has returned to a February proposal to reduce the VAT rate on domestic heating from 21% to 5%. This would be imposed on natural gas and liquefied petroleum
Third extension of gas VAT cuts until 31 December 2022 as inflation hits 7.9% in July 2022 Italy has extended for the forth time the temporary cut in Value Added Tax rate on domestic and industrial use gas until the year end. Italian inflation has
Temporary VAT cut to 9.5% bill on domestic energy and digital newspapers Slovenia has confirmed a VAT rate cut on gas bills from 22% to 9.5%. This comes as inflation hit 10.4% in June. The Slovenian Parliament is reviewing a bill to temporarily reduce the
Eurozone energy inflation 42% June 2022 (39% May); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.6% in June,
