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Irish Mirror

National

Sophie Collins

All of the changes coming into force from next week as Irish households set to save €120 on gas and electricity

The incoming cut on VAT for electricity and gas will come into effect next week as many Irish households will welcome savings of up to €120.

In line with measures to ease the rising cost of living in Ireland, VAT will be temporarily be cut from 13.5% to 9% from Monday, May 2, until October 31, 2022.

According to experts, these changes will save homeowners up to €50 on gas and €70 on electricity for the year.

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