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Ireland to raise VAT in December budget Following a leak from the German parliament, Minister Noonan has confirmed that he intends to propose a 2% increase in the VAT rate from 21% to 23% in the forthcoming budget. He said that while no decisions had been made by the Cabinet he had to raise indirect taxes "on this occasion". He said "I will not be touching income tax but I will recommend to the Government to accept a VAT increase, The Government have not seen my full proposals yet and certainly have not signed off on that decision". When Enda Kenny was pressed on the proposed changes he said that the VAT increase would not apply to food, children's clothing or services. It seems that the increase will hit luxury goods such as TV's and other such goods over which people have a choice to buy. Further information will be included in the Budget on 6th December 2011. Do you have a tax related question? Why not contact the HLB International Tax Committee at This e-mail address is being protected from spambots. You need JavaScript enabled to view it The This e-mail address is being protected from spambots. You need JavaScript enabled to view it is a team of dedicated international tax experts representing HLB member firms with the core focus of the development of tax services within the network. Find out how the HLB International network can help you avoid paying unnecessary tax and contact us now.
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