While much of the talk about the rise in IVA (VAT) from 1 September has concentrated on the tourist industry and those businesses which will have IVA rates rise from a reduced 8% to 21%, spare a thought for parents who will have to buy material for the new school year that will now have a rate of 21% whereas it was only 4%. Consequently, parents are buying early to beat the rise.
See more: Ultima Hora
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