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2026 Finance Bill Rejected; VAT Rates Lowered on Sports and Fair-Trade Goods, Exemption Cuts Blocked

  • The 2026 Finance Bill was rejected in its first reading, leading the government to consider a temporary budget.
  • The Assembly did not approve the government’s proposed reduction in VAT exemption thresholds.
  • VAT rates were reduced for certain goods and services, such as sports activities and fair-trade products.

Source: regfollower.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.



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