01 July 2009
Dining in Corsica should be cheaper from today following a cut in VAT for restaurants and cafes from 19.6% to 5.5% - making your holiday money go a little further. The French government has made the move to try to entice more Britons to holiday in France this summer. Although restaurants do not have to pass on the savings to customers, it is believed the majority will to stay competitive and already some restaurant chains have reduced prices by as much as 20%.
The tax applies to food but not to alcohol. France has campaigned for seven years to get the go-ahead from European Union partners to lower value-added tax for restaurants and cafes. It is anticipated that the reduction will cost the French state 2.38 billion euros a year but restaurant owners are set to employ around 40,000 more people.
Press Information
Press Information: For more information or images please contact The Press Office
Press Office Contact Details
Jenny Adams - PR Manager (National Press)
Louise Thomas - PR & Marketing Executive (Regional & Trade Press)
0845 330 2077
press@corsica.co.uk
Corsican Places is a trade name of Serenity Holidays, a fully bonded operator under ATOL 2647 and a member of ABTA, IATA and AITO.
