"Nutella Tax" introduced in fight against obesity In the continued fight against obesity levels, France is to quadruple the tax paid on palm oil, a key ingredient of the popular spread Nutella. >> Page 12
December 2012 Issue #38
VAT rate to rise to 20% from 2014
INSIDE > > > NEWS - Limoges shopkeepers to bare all Frustrated business owners in Limoges are threatening to run naked through the streets in protest >> Page 5
NEWS - CFE tax break for auto-entrepreneurs
♦ VAT rising to 20% from current 19.6% ♦ Intermediary VAT rate, which applies to house renovations, will rise from 7% to 10% ♦ The new move will raise an estimated €10 billion per year for the government in this bracket are restaurant meals, hotel or campsite stays, transport, home help, and cinema and museum visits. Restaurateurs’ group Umih reacted with anger to the rise in their tax, with president Roland Héguy calling it “a slap in the face”. In better news, the lowest current VAT rate of 5.5%, applied to “essentials” like food and energy, will be slightly lowered to 5%, giving back around €800 million to the general public. This measure is designed to help less welloff families who spend the
>> continued on page 7
BILINGUAL - The Full English Breakfast
We take a look at the iconic British breakfast and find out just what is in the 3kg Big One >> Page 15
© Ivonne Wierink - Fotolia.com
L
ife could get a little bit more expensive in 2014 following an announcement that the rate of VAT in France will rise from 19.6% to 20%. The intermediary rate of VAT, currently 7%, will also rise to 10%. The move is expected to raise around €10 billion per year and will go towards funding tax credits worth €20 billion for companies that keep jobs in France. The hike in VAT will affect those renovating properties, an activity currently under the 7% bracket. Also affected
Auto-entrepreneurs are to be given a further year's relief from the CFE tax >> Page 8
The French cabinet adopts draft bill paving the way to legalise gay marriage >> Page 7
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