Currently there is No VAT reduction.
There is comment in the media under the Windsor agreement that there will be a VAT reduction of 5% from 1 May 2023.
Unfortunately since there is no government in place the Windsor agreement has not been ratified and its currently unknown when the VAT reduction will come into effect.
We have had our accountant speak with HRMC and they have had no instruction to allow the VAT reduction at this time.
As NI government sit idle, we are in complete limbo when this will actually come into effect.
We watch the space……
