TaxCorporate TaxStars lobby for lower VAT rates on records

Stars lobby for lower VAT rates on records

Tom Jones is among more than 1,000 European musicians, including Sir Elton John and Chris de Burgh, who have signed a petition to put pressure on the European Commission to lower the VAT rates on compact discs and records.

Link: EU dismisses US pleas with eVAT ruling

The group submitted a petition on Tuesday calling on the commission to include CDs on a list of products to be given a lower tax rate. Countries most opposed to the lower VAT rates are Germany, which imposes a tax of 16% on CDs, and the UK, whose rate is 17.5%.

A spokeswoman for the International Society for Performance Improvement admitted the lobbyists had an uphill battle on their hands.

The Treasury said it could not comment.

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