Overview

• The regulated Livret A rate falls from 2.4% to 1.7% on August 1, marking the largest cut since 2009.
• VAT on the fixed-fee portion of gas and electricity subscriptions jumps from 5.5% to 20% under an EU directive to harmonize billing.
• Households that refuse Linky smart meters face a €6.48 fee every two months plus €4.14 for each missed meter reading.
• Allocation de rentrée scolaire payments start on August 5 in Mayotte and La Réunion and on August 19 in mainland France and other overseas departments.
• Income-tax overpayments are being refunded this week and the CRE’s reference price for natural gas rises to €98.22 per MWh for August.