VAT Rate Change

Lower Uk Vat Rate Is Attracting Shoppers From Across The Border

While it has been widely argued that the UK VAT rate change has not made a significant impact, shop owners in Northern Ireland have been experience an unexpected, but very positive side affect. Prompted by high tax rates, a strong Euro and a need to save money, many shoppers from the Republic of Ireland have been making the journey north to shop in the UK, where the VAT rate is only 15%, after being cut from 17.5% last year. The VAT rate in the Republic, by contrast, is 21.5% In the past year