‘Old reliables’ mostly un touched

‘Old reliables’ mostly un touched
Grafton Street, Dublin: no changes were made to VAT rates

Budget 2016 featured a number of changes in relation to indirect taxation

In the only specific tax increase announced in the budget, the excise duty on a packet of 20 cigarettes was increased by 50 cents (including VAT), with a pro-rata increase on other tobacco products with effect from midnight on October 13, 2015.

The Minister for Finance announced that this will have the effect of raising €61.4 million in a full year. No changes were made to excise duty rates on the other ‘old reliables’, namely alcohol, petrol or diesel.


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