Covid-19: inconsistent VAT reliefs create business confusion across EU

While deferred VAT payments has been used by governments in Europe to ease the financial burden of struggling businesses in their own countries, an inconsistent approach is creating a confusing picture, argues Accordance’s Andy Spencer

VAT is probably one of the last things that many people will be thinking of in the current crisis. It is a tax on transactions and for a large percentage of the population around the EU, purchasing is increasingly restricted to essential items such as food and medicine.

However, VAT is being used by many governments around Europe as a means of introducing liquidity into the economy and relief for businesses affected by the crisis.

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