Further VAT rises likely as Europe sets the pace

A survey by KPMG, the professional services group, showed that the European Union average VAT rate has risen to 19.8% in 2009, with the UK's temporary 2009 15% the joint lowest in Europe. KPMG said the average VAT rate in Europe was expected to rise to 20 per cent during 2010 or 2011.

KPMG: Press Release, 20.10.09: Recession hastening move to indirect taxation, as governments act to increase revenues, says KPMG report http://www.kpmg.com/Global/PressRoom/PressReleases/Pages/KPMG-Corporate-Indirect-Tax-Rate-Survey-2009.aspx

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