Council Directive 2008/7/EC of 12 February 2008 concerning indirect taxes on the raising of capital (c. 7)

CHAPTER III U.K. SPECIAL PROVISIONS

Article 8 U.K. Rate of capital duty

1. Capital duty shall be charged at a single rate.

2. The rate of capital duty applied by a Member State may not exceed the rate applied by that Member State on 1 January 2006.

Where, after that date, the Member State reduces the rate applied, it may not reintroduce a higher rate.

3. The rate of capital duty may not in any event exceed 1 %.