€1.5bn tax cuts announced for Budget 2026 as Donohoe warns of ‘trade-offs’ over costly Vat reduction

€1.5bn tax cuts announced for Budget 2026 as Donohoe warns of ‘trade-offs’ over costly Vat reduction

Workers are on course to lose out in the Budget with little room for income tax cuts if a planned lower rate of Vat for hospitality goes ahead. An outline of October’s Budget has set aside €1.5bn for tax cuts next year, with the cost of reducing Vat for restaurants, bars and cafes taking up €1bn of that. Credit to : Irish Independent