EU sues Britain over tax exemptions for some commodity markets

BRUSSELS (Reuters) - The European Commission said on Thursday it was suing Britain over tax exemptions it grants to some commodity markets, waivers that Brussels considers in breach of European Union rules.Under EU rules, countries require EU authorisation not to charge sales tax on products and services. In 1977, Britain obtained a waiver to charge a zero rate Value Added Tax (VAT) on some commodity markets, but has since unlawfully extended its scope to other markets, the EU executive..