Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (c. 112)

TITLE VIII U.K. RATES

CHAPTER 2 U.K. Structure and level of rates

Section 1 U.K. Standard rate

Article 97 U.K.

1. From 1 January 2006 until 31 December 2010, the standard rate may not be less than 15 %.

2. The Council shall decide, in accordance with Article 93 of the Treaty, on the level of the standard rate to be applied after 31 December 2010.