VAT to be reduced to 21% for six months 

Minister for Finance, Paschal Donohoe said the measures will benefit a "broad range of businesses and traders". Picture: Sam Boal/Rollingnews.ie

A temporary reduction in VAT, which was announced today, will see the tax reduced from 23% to 21% until February 28 2021. 

The measures, which were introduced as part of The July Stimulus comprehensive plan, will impact the tax on adult clothes, footwear, electrical equipment, cars, petrol, diesel, alcohol and tobacco.