Ireland cuts VAT from 23% to 21% till Feb 2021
- Jul 23, 2020 | Richard Asquith
Ireland has announced a temporary Value Added Tax rate cut from 23% to 21%. The measure will come into place on 1 September 2020 until 28 February 2021.
This is part of a €5.2bn economic package of 50 measures. The surprise decision to cut the standard rate of VAT from 23pc to 21pc was a "late" move by the coalition parties, according to a Government source. It appears the decision - which will benefit the vast bulk of consumers - was only made in the last few hours as ministers scrambled to finalise the package ahead of the Cabinet meeting in Dublin Castle. Ireland may cut its tourism and hospitality VAT rate too.
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