The Council of the European Union amended the Principal VAT Directive on 25 May 2016 to ensure the 15% minimum standard rate of VAT is maintained until 30 December 2017. The purpose of the minimum standard rate is to attempt to limit the prospect of distortions and imbalances in the operation of the VAT system across the EU. Fixing the rate for an extended period is designed to ensure a greater degree of legal certainty in this area.

The amending instrument is available to view here.