VAT rate on energy bills set to be cut

 

Households in receipt of the fuel allowance could get an additional three week ‘lump sum’ payment.

It’s among measures discussed by senior ministers last night to help with the rising energy costs.

A temporary reduction in VAT on gas and electricity from 13.5 to nine percent was also raised, along with a cut in the PSO levy on energy bills.

Cabinet will meet tomorrow to discuss and sign-off on the plans.

Chief Economist with Davy stockbrokers, Conall MacCoille, believes they’ll be helpful to an extent:

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