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Lower VAT rate of 9% won't be kept

The Finance Minister Michael Noonan's signalled the lower VAT rate will revert to 13.5% at the end o...
TodayFM
TodayFM

6:48 PM - 25 Sep 2013



Lower VAT rate of 9% won't...

News

Lower VAT rate of 9% won't be kept

TodayFM
TodayFM

6:48 PM - 25 Sep 2013



The Finance Minister Michael Noonan's signalled the lower VAT rate will revert to 13.5% at the end of the year.

Michael Noonan says a final decision will be announced on budget day.

But he's warned that keeping the rate at 9% would either mean another spending cut or tax hike elsewhere.

The Minister says while the lower rate created jobs, the cost of the measure was higher:



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