Finance minister urges 'profitable' businesses to pass Vat cut onto customers

Finance minister Paschal Donohoe has urged "profitable" businesses to pass the benefit of a Vat cut on to consumers. 

Finance minister Paschal Donohoe has called on "profitable" retailers to pass the Vat cut on to consumers.

He said the government's July stimulus package was worth €1,000 for every Irish citizen and is a "timely" plan to help rescue the sectors worst hit by the pandemic. It included a surprise cut to the Vat rate from 23% to 21%, designed to motivate spending.