Republic of Ireland Budget 2019 - VAT and Excise
Minister of Finance, Paschal Donohoe, delivered his 2nd budget today, 9th October.
VAT and Excise Duties
- The special 9% VAT rate for the hospitality sector, including hairdressers, is to be abolished from January 2019, with the rate returning to 13.5%. However, VAT on newspapers and sporting facilities are to remain at 9%.
- The VAT rate on electronic publications is to be reduced from 23% to 9%, to bring it in line with paper publications. This must be very welcome news for all book-lovers.
- Betting tax is to increase from 1% to 2% for bookmakers, and from 15% to 25% for betting intermediaries.
- Excise on cigarettes is to increase by 50 cents, effective from 10th October 2018. In addition, the minimum excise duty on cigarettes sold at below €11 will be the same as those sold at €11.
- VRT relief for hybrid vehicles is to be kept until the end of 2019.
- A 1% increase in VRT rates for diesel vehicles will apply to vehicles registered after 1 January 2019.
Back to summary of Republic of Ireland Budget 2019
A PDF version of the full Summary of the Facts is available here.
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