In response to the coronavirus pandemic, multiple EU countries have introduced temporary reductions in VAT rates. These mainly relate to the hospitality sector and have been introduced in countries including (but not limited to); Germany, Belgium, Greece, Czech Republic and Austria The reductions that have been implemented vary in terms of value and the length of time they apply for.
It is important for any business operating in EU countries where reductions have been enacted to apply the correct rate of VAT and such, if any clarification is required, please speak to one of our expert consultants today.
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