As expected, the Minister for Finance has announced that there will be no changes to either the reduced rate (13.5%) or the standard rate (21%) of value added tax (VAT).
Economic commentators suggested, in recent weeks, that any increase in the VAT rates would add to inflationary pressures.
Therefore, it is not surprising that the current rates will remain static.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team