As part of the French government’s ongoing austerity plans, an increase in the current reduced rate of VAT increase has now been voted through by MPs in France.
The normal rate of VAT (TVA in France) is 19.6%. The reduced rate of VAT currently applies to a wide range of goods and services such as home renovations and restaurant meals. The current rate of 5.5% will rise to 7% although certain areas such school canteen meals in France have been spared.
Despite the increase the reduced rate at 7% still looks a good deal given the normal rate, in our opinion!
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