CAPEB warns the government about the consequences of abolishing the 10% VAT for housing maintenance

By advocating the abolition of VAT at 10% for maintenance/improvement work on housing over two years, the General Inspectorate of Finance does not measure the consequences of such a decision. Indeed, this purely accounting view of the situation would not take into account the numerous induced effects which would ultimately have harmful repercussions on the National Accounts.

The CAPEB reminds us: the reduced rate VAT benefits above all households and seems all the more necessary to preserve the purchasing power of the French, particularly damaged during this inflationary period and completely contradictory with the announced will of the public authorities. to reduce taxes.

Its abolition would risk a heavy burden on their work commitments with a double consequence: on the one hand, a drop in activity for construction companies which have already experienced a decline in their activity for a year (- 0,5% in the last quarter 2023) and on the other hand the inability for France to achieve its objectives in terms of housing supply. The stakes are high: professionals must be able to house everyone with dignity while respecting the climate, environmental and accessibility issues that the State wishes to accelerate, in particular with the implementation of MaPrimeAdapt'.

CAPEB recalls that energy renovation works and other renovation works, in particular induced works, are inseparably linked. For this reason, and in a process of simplification as announced on several occasions by the State, CAPEB calls for the extension of the reduced rate of VAT to 5,5% to all renovation work, whatever 'they are.

Thus, CAPEB considers that the abolition of the reduced VAT rate would be a counterproductive measure for the State, for households, for craft building companies and for their jobs.

Illustrative image of the article via Depositphotos.com.