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Temporary VAT Rate Reduction Extended

energy support (2)
Business

Temporary VAT Rate Reduction Extended

The temporary reductions in VAT on gas and electricity, from 13.5% to 9%, will be extended to 31 October 2023. This extension is being adopted to continue support for struggling businesses and consumers in the face of inflated global energy costs.

The temporary reduction in VAT on tourism and hospitality, from 13.5% to 9%, will be extended to 31 August 2023. This provides certainty and continued business support for the sector for the upcoming tourist season.

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