VAT on vitamins and supplements won't jump to 23% at least until November.
Some positive news emerging this evening. The proposed VAT on vitamins and supplements won't jump to 23% at least until November.
Following public pressure in fact more than 60,000 people signed a petition urging the government not to follow through with the plans.
On Monday, the Minister for Finance and Public Expenditure Paschal Donohoe wrote to Niall Cody, Chairman of the Revenue Commissioners, outlining that in the course of the Committee Stage debate on the Finance Bill last November he gave a commitment to address the matter by means of a specific paper to the tax strategy group during the summer period.
I’m delighted the Minister has intervened and at least delayed the decision. Let’s keep the pressure on now and stop it completely.