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18 Mar 2009
The rate of VAT on restaurant meals will be cut after the French government won a seven-year battle with the European Union.
Last week France won German approval for its proposal to slash the VAT rate on restaurant meals, according to ft.com
Under the terms of the proposal, French President Nicolas Sarkozy would cut VAT on restaurant meals from 19.6% to 5.5%, which equates to a £3bn cost to the taxpayer.
The move has been met with criticism by experts who question whether the cut will be absorbed by restaurant owners or patrons.
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