Cuts to Vat rate on electricity and gas to be extended for six months

Meanwhile, justice minister Jim O’Callaghan is to seek Cabinet approval to progress with Valerie’s Law

The Vat rate on electricity and gas was initially cut by the previous government in 2022 as part of a cost of living package, but has remained in place since. File Picture: Stuart Boulton/Stock

The Government is to extend cost of living cuts to Vat rates on electricity and gas for another six months.

Finance minister Paschal Donohoe is due to seek Cabinet approval on Tuesday to extend the 9% Vat rate on both. Mr Donohoe will bring forward a financial resolution to the Dáil on Wednesday to extend the cut. This extension will be until October 31.