Energy
McGrath to speed up abolishing Vat rate on solar panels to avoid mass cancellation of orders
The 23 per cent VAT rate will be cut to zero following the EU’s decision last year to allow member states to do this to encourage the growth of renewable energy
Michael McGrath, the Minister for Finance, is going to accelerate the abolition of Vat on solar panels to avoid mass cancellations of customer orders.
The Business Post reported last week about the government’s plans to abolish Vat on solar panels in a move which will reduce the typical cost for homeowners by €1,000.
The 23 per cent VAT rate will be cut to zero following the EU’s decision last year to allow member states to ...