Ireland today reverses its temporary COVID VAT rate cut, increasing the standard VAT rate to 23% from 21%. The cut on the reduced rate for tourism and hospitality rates from 13.5% to 9% remains in place until the end of 2021.
Ireland had announced its temporary Value Added Tax rate cut from 23% to 21% last summer. The measure came into place on 1 September 2020 until 28 February 2021.
Contact Thomas J Briody & Co. today if you need help adjusting your business to the VAT rate change.