28 December 2022
From 1 January 2023, the Irish government confirmed it will cut the VAT rate applied to:
- Newspapers and news periodicals from 9% to the zero rate of VAT.
- Some pharmaceutical and health-related products, including defibrillators, non-oral nicotine therapy and non-oral hormone replacement therapy from 23% to the zero rate of VAT.
This was announced as part of a set of measures in the Irish budget for 2023.
The Irish government also confirmed that the temporary VAT rate reduction to 9% in the tourism and hospitality sectors will not be extended, meaning the VAT rate will revert to 13.5% from 1 March 2023.
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We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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