VAT rate changes on French agricultural supplies
Supplies of agricultural product which are not intended for human consumption are excluded from the 10% reduced rate in France.
The decision about VAT rate changes follows the recommendations issued by the European Commission to France last March 2015.
This is an important change for all businesses trading with commodities such as soja, corn or any other agricultural product. Their invoices and ERP systems should be updated to avoid corrective returns and late recovery of overpaid VAT amounts.