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.
Follow Avalara’s live global coronavirus Covid-19 VAT measures tracker.