Ireland is set to reduce the standard VAT rate from 23% to 21% as a result of COVID-19.
In Ireland, the Prime Minister announced the reduction of the standard rate of VAT from 23% to 21%, part the stimulus package in response to COVID-19.
The new VAT rate to come into force from 1 September 2020. It will be in place until 28 February 2021.
We await further guidance from the Irish Revenue and will provide further information once this has been published.