Fianna Fail has described the new VAT rate which came in at midnight as a mistake by the government.
From today the VAT on most goods and services, such as cars, electronic goods and luxury items has been raised to 23 per cent – an increase of 2 per cent.
Health premiums and both car and home insurance are also higher now – while the controversial new household charge of 100 euro has officially come into affect.
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Commuters and motorists will notice higher bus and rail fares, along with increased parking fees, tolls and petrol prices.
Fianna Fail’s Michael McGrath says increasing the 2 per cent VAT hike sends out the wrong message to consumers and retailers:
