Minister Halts Vat Rate Cut on Bikes Amid Concerns of Traders Not Passing Savings

• Plans for Vat rate cut on bikes parked due to concerns about savings not being passed on
• Pre-budget submission highlighted existing support for bike owners through Cycle to Work Scheme
• Officials warned of risk that retailers might increase prices instead of passing on savings
• Proposal for direct grant scheme suggested as alternative approach
• Concerns raised about timing of announcement on Vat for bicycles
• Department of Transport submission emphasized benefits of Vat cut for students, retirees, and those outside of employment

Source: irishexaminer.com

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.

---

---