French VAT rise to 20% 1 Jan 2014

Plans to increase the French VAT rate from 19.6% to 20% in 2014 were announced last week.

From 1 January 2014 the 20% French VAT rate should be applied on taxable supplies. Below is a summary of the implementation rules for transactions and supplies of goods and services which span the rate change. There will also be an increase in the reduced VAT rate from 7% to 10%.

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