French VAT rise threat to books

Written By: Barbara Casassus Publication Date: Tue, 08/11/2011 - 09:26 French prime minister François Fillon has announced that the reduced VAT rate applying to books would be raised from 5.5% to 7% from 1st January as part of a fresh economic austerity package to help rein in Frances massive public debt. The new rate, which will not apply to food, energy and products and services for the disabled, is the same as Germanys reduced VAT and is expected to add 1.8bn to government revenues. Frances full VAT rate remains unchanged at 19.6%. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-11-08 00:00:00 UTC ]

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