Finance minister tells 'profitable' businesses to pass Vat cut on to customers

Finance minister Paschal Donohoe wants to see "profitable" businesses pass on the savings from the Vat cut to customers.

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.