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Tuesday 20 December 2011
 

Artisans welcome the deadline for the increase in VAT for building

 
The Confederation of Craft Small Business Building (Capeb) welcomed on Tuesday that the Finance Committee of the Assembly voted for the tax remains at 5.5% instead of 7% when the estimate dated has been accepted for work in the housing
 
 
Artisans welcome the deadline for the increase in VAT for building
 

The Confederation of Craft Small Business Building (Capeb) welcomed on Tuesday that the Finance Committee of the Assembly voted for the tax remains at 5.5% instead of 7% when the estimate dated has been accepted for work in the housing.

 

"We are pleased to have obtained this derogation should allow a smooth transition to the VAT increase to 7% in the renovation, although the specter of recession now hangs over our 380000 craft enterprises, "said Patrick Liébus, president of the Capeb, quoted by the press.

 

While the government was considering a retroactive to November 15, work in the homes of more than two years, whose quotes were dated and accepted by both parties and the subject of a deposit received before December 20, 2011 should be maintained at a rate of 5.5%, though the work began in 2012.

 

The Senate after the adoption of an amending budget season purged of most of the austerity measures of the plan Fillon II, as the increase in VAT or freezing of the scale of income tax, the Assembly should restore the text in the version passed Tuesday by the House at first reading.

 

This bill, commonly called "supplementary budget", then return to the Senate Wednesday and again before MPs on Wednesday or Thursday.

 
Listed in: BTP, Government, Economy

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