French Finance Bill to confirm VAT rate rises and changes
Mon 16th Sep 2013
The 2014 French Finance Bill has been announced this week, confirming a number of already announced French VAT rate changes, including:
- The standard French VAT rate is to rise from 19.6% to 20% on 1 January 2014. This was originally announced in November 2012. The average EU VAT rate is now over 21%.
- The French VAT rate applicable to restaurant food and related services will rise from 7% to 10%
- Electricity, gas and related domestic power will fall from 5.5% to 5% VAT
- Social housing will now be subject to the reduced 5% French VAT rate