Old reliables and tax reliefs to hit consumers
However, the Government is not expected to increase the VAT rate until 2013 when it will be hiked to 22% and, further, to 23% in 2014. These changes will bring in an estimated €620 million.
Smokers and drinkers can, however, expect some increases on the “old reliables” with the Government already saying a number of changes will be made to excise duties and licences in 2011 to the value of €110m.
