Eurocrats are considering a radical overhaul of VAT, threatening Britain’s right to levy a zero rate on food, medicines and children’s clothes.
A five per cent tax – the EU minimum – would raise £5.4billion a year and add £203 to the cost of the average household’s shopping.
Pierre Moscovici, European Commissioner for economic and financial affairs, is spearheading the VAT shake-up. Express.
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