Renovation work & VAT

The French government is ready to make a gesture for VAT (TVA) on renovation work.  On the 1st January renovation work based on energy conservation should profit from a reduced VAT rate of 5.5%, whereas the normal VAT rate goes from 19.6% to 20% and the intermediary rate from 7% to 10%. Renovation work begun before 31st December 2013 may continue on the lower tax rate in 2014. This is yet to be confirmed by the Minister for the Budget.