Your Holiday Home Rental in France has just got a little cheaper as restaurant prices are to decrease on the French Riviera as govt reduces VAT to 5.5% President Sarkozy has announced that VAT in restaurants and hotels will be reduced from 19.6 per cent to 5.5 per cent.
This is good news if you are thinking of booking a French Villa Holiday and the move is very important for the French Riviera, where hospitality is the region's biggest industry. Certain conditions will apply, such as lowering menu prices and hiring more staff. The government hopes the VAT reduction will help to create 100,000 more jobs nationwide by 2010.
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