Cost of food supplements may rise 40% in Brexit crash-out

Cost of food supplements may rise 40% in Brexit crash-out

Matt Ronan, a spokesman for Health Stores Ireland, warned that the sector could be hit with two simultaneous cost increases as the threat of a no-deal Brexit looms on October 31

The cost of food supplements could rise by almost 40 per cent in less than less two months if Britain crashes out of the European Union without a deal, a lobby group has warned.

Vitamin products and food supplements in Ireland have been charged at a 0 per cent rate of tax since Ireland’s entry to the European Economic Community, the precursor to the EU, in 1973.

Such products, which are worth an estimated €60 million per...

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