Temporary reduction of VAT on gas and electricity will end on March 31, 2024

• Temporary reduction of VAT on gas and electricity will end on March 31, 2024
• VAT will increase back to 19% from April 1, 2024, leading to higher costs for consumers
• The reduction was implemented to alleviate financial burden on households due to rising energy prices caused by the war in Ukraine
• The extension of energy price brakes for electricity, gas, and district heating until March 31, 2024, was not approved
• The increase in VAT is expected to be passed on to consumers by companies, making gas and district heating more expensive for consumers from April 1, 2024

Source: nwb-experten-blog.de

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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