Raising Vat was right move at right time

The impact on households of the Vat rise has been overstated, and there is a possibility it will actually raise the revenues the government needs, writes Pascal Brennan.

1st January, 2012
Raising Vat was right move at right time
Ireland's Vat rate is not out of line with the EU average. Photo: Collins

Whatever the real financial impact of indirect tax increases, it always helps if you feel you have a choice whether you incur a tax or not. How real that choice is - when essentials such as clothes, petrol or diesel for the car are taken into account - is debatable. Nevertheless, it still just feels better when you open your pay packet and find that it has not been depleted again.

From an international perspective,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago