http://www.express.co.uk/posts/view/355902/Now-EU-wants-20-VAT-on-new-houses
Only about 130,000 homes were built across Britain last year – a historic low
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.
The huge increase would price people out of the market, make it even more difficult to get a
mortgage and bring the building industry to its knees.