5.5% VAT on heat from networks supplied at least 50% by renewable or recovered energy
Article 73 of the amending finance act for 2008 lowers from 60% to 50% the minimum share of biomass, geothermal energy, waste or recovered energy a heating network must use for heat supply to qualify for the reduced 5.5% VAT rate (Article 279 b decies of the General Tax Code). The measure applies to heat invoiced from 1 March 2009 or included in advances and down payments received from that date.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Subscribers to heating networks with a renewable or recovered energy share between 50% and 60% pay 5.5% VAT instead of the standard rate on heat. According to the Senate finance committee, eight additional networks are concerned, at a cost of €5 million.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si Ă©chec CMP
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)