VATupdate

Taoiseach dismisses proposal to waive VAT on energy bills

“I’m informed and advised that under EU rules that our reduced rate of VAT cannot be reduced below 12%. If we were to attempt to reduce the weight to say 9%, and we looked at all this for a few months, the VAT rate would afterwards have to revert up to the standard rate of 23%,” he said.

Source: irishexaminer.com

Sponsors:

Advertisements:

* click here if you have interesting news to share *