AN EU plan to slap VAT on new homes will send prices soaring, experts warned yesterday.
Brussels has quietly issued a consultation document that proposes scrapping the current zero VAT rating.
The move to charge the full 20 per cent is part of a plan to standardise tax rates across Europe. It would drive up the average price of a new home by £48,000 from £238,000 to £286,000 and have a catastrophic impact on the UK.
Source: The Express.
A “consultation” document? You can bet that we don’t get consulted.