Germany to further cut VAT on rail fares from July 1

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  • AMcWhirter
    Participant

    At the start of the New Year Germany reduced its VAT on rail fares. It was a ‘green’ initiative. Until then VAT had been as high as 19 per cent for travellers taking long distance ICEs.

    The new rate from July 1 will be 5 per cent.

    This is good news for the fortunes of rail operators within mainland Europe. We reported recently that Air France had agreed not to compete with the TGV (as a condition of its state-funded bailout) on domestic journey times of 2.5 hrs or less.

    Rail to benefit from German stimulus package

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