Government unveils third package to offset cost-of-living crisis
Finance Minister Paschal Donohoe said the reduction in VAT approved on Wednesday will result in savings of over €50 on an annual gas bill and €70 on an annual electricity bill.
The Government has unveiled its third major package of measures since October to offset the cost-of-living crisis as it seeks to combat growing unrest on its own backbenches.
A reduction to 9% in the VAT rate for gas and electricity from May 1 until the end of October has been approved by Cabinet.
