The Exchequer pulled in €381m in VAT from electricity last year – a 40% per cent increase on the previous year.
In all, the State collected €1.4bn in tax from electricity and fuel in 2022, a rise of over €300m or 28%.
A reduced rate of 9% currently applies to electricity and gas – but it’s due to return to 13.5% in March.
Source: newstalk.com
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