VAT rates for hospitality sector and on utility bills and TBESS all to be examined this evening
A third source said that “so much is yet to be agreed” even as coalition leaders prepare to meet on the next package of cost of living supports.
The government is expected to axe the lowered VAT rate for the hospitality sector, retain lowered VAT for utility bills, extend and overhaul the Temporary Business Energy Support Scheme and issue a range of targeted welfare payments as part of the latest Cost of Living interventions.There are concerns within the Coalition, since late last week, that ongoing speculation about the nature of measures under consideration could stoke expectations and ultimately leave voters disappointed.
A Government source said on Monday that three broad areas were under consideration: a social protection package of targeted and universal measures, a tweaked and extended TBESS, and tax measures such as the reduced levels of VAT and excise. The coalition has been unable to agree as yet on another €200 energy credit, on top of the three approved in the budget. It had been mooted as a universal measure, which could be paid in late spring or early summer, but it has faced resistance from the Departments of Finance and Public Expenditure and Reform, as well as from within the Green Party.
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