Increasing VAT rates may negatively affect inflation, employment, the less well-off and impact on cross-border trade, according to the Tax Strategy Group.
VAT accounted for €15.4 billion or approximately 22.5% of the overall tax yield to the Exchequer in 2021 – a significant increase of €3 billion in comparison to the figures for 2020
Source: RTE
Latest Posts in "Ireland"
- Government May Extend Apartment VAT Cut to Forward-Funding and Student Accommodation Deals
- Ireland’s Finance Bill 2025: Major Tax, VAT, Crypto, and Reporting Changes Proposed
- Variable Direct Debit for VAT: New Bi-Monthly Payment Option Available from August 2025
- Ireland Announces Phased Rollout of B2B E-Invoicing and Real-Time Tax Reporting by 2030
- Ireland’s Phased Rollout of Mandatory e-Invoicing and Real-Time VAT Reporting under EU ViDA Directive


 
        		 
        	











