Burning Sensation Spot On Thigh

Improvement: VAT at 10% becomes permanent

The reduced VAT rate to 10% on building renovations become a permanent measure. This was announced by Economy Minister Giulio Tremonti at the press conference after the ECOFIN (Council of Economy and Finance) held on 10 March in Brussels ahead of the EU Council of spring (March 19) and the next meeting of the G20 ( of April 2 in London). The provision would expire in 2010. The agreement, signed Ecofin, covers all EU countries. The proposal to reduce VAT had been recommended five years ago by France's President Jacques Chirac, and now proposed by Nicolas Sarkozy. A satisfied Taxation Commissioner Laszlo Kovacs said he needed as the attainment of 10 years of negotiations among member states.

Confirmation of VAT, Tremonti added, "is a good gift tax for our housing policy and housing considering our policy objectives" in the field. The demolition of the car was a special scheme now, temporary and "remains special, but becomes permanent" . For
facilitated the application of VAT to 10% there are statements by post or forms to fill, it benefits immediately. The interventions included in the standard are of four types: maintenance ordinary (maintaining the efficiency of the property), maintenance (structural changes), restructuring (conversion or demolition for faithful reconstruction) and restoration. For all these benefits by paying the tax is halved. Goods which form a significant part of the value of deliveries (elevators, boilers, windows, video, air conditioners and health, security systems) the reduced rate applies "to a combined value of the benefit of intervention on recovery net value of the assets. " In practice, if the restructuring is to spend € 4 thousand to 6 thousand euro labor and equipment, the 10% VAT is applied to the labor € 4 thousand and equipment (the difference between 6 thousand and 10 thousand of total assets) while the remaining 2 thousand you'll pay 20 percent. In this case, the taxpayer, rather than being subject to VAT of € 2 thousand, pays only 1,200 € 800 saving. The cost to the state of this facility is estimated to less than 150 million per year, which could throw the economy in motion.

source: http://www.ingegneri.info/Ristrutturazioni-l-Iva-al-0-diventa-permanente_news_x_99.html