Out in the cold: No Vat cuts for families who rely on home heating oil

Families that heat their homes with oil will miss out on moves to address the cost of living crisis by cutting energy Vat rates.

The Government will today announce plans to cut Vat on electricity and gas to ensure homeowners are not impacted by environmental tax increase.

However, they were unable to secure a deal with the EU to allow them also reduce Vat on home heating oil.

This means the proposed carbon tax increase will mean a 900 litre tank of kerosene will go up by €19.40 next month.

Government leaders agreed on Monday night that Vat on electricity and gas will reduce from 13.5pc to 9pc.

Families are still facing an almost €20 increase in their energy bill next month despite Government commitments to offset carbon tax increases.

SEE FULL STORY:  https://www.independent.ie/irish-news/out-in-the-cold-no-vat-cuts-for-families-who-rely-on-home-heating-oil-41548661.html