The impact of the increased VAT rate

Published: Sept. 1, 2023, 6:30 a.m.

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Did you go and fill up on fuel last night before the latest increase to excise duty kicked in?  

  

Petrol prices have gone up by 7 cent per litre and diesel by 5 cent. The reduced 9 percent VAT rate for tourism, hospitality, and hairdressing has also returned to 13.5 percent.  

  

Our reporter Josh Crosbie has been meeting with those who are trying to save in the cost of living crisis.

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