# Council Directive 2008/7/EC of 12 February 2008 concerning indirect taxes on the raising of capital, Article 8: Rate of capital duty

Extent: E+W+S+N.I.

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 %.

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Source: https://www.legislation.gov.uk/eudr/2008/7/article/8 (the official version)
Page: https://openlegislation.uk/eu-directive-2008-7/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.