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VAT cuts on gas and electricity from 1 May
Minister for Finance Paschal Donohoe has said that a temporary cut in VAT on fuel bills will lead to a saving of more than €50 on an annual gas bill and €70 on an annual electricity bill.
The VAT cut from 13.5% to 9% will begin on 1 May and last until 31 October.
He said that the cost to the Exchequer of the rate cut would be an estimated €46m.
Cuts to excise duty on petrol and diesel, announced last month, will last until Budget 2023.
https://www.rte.ie/news/politics/2022/0413/1292063-cabinet-cost-of-living-increases/
