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flag Ireland delays VAT cut on bikes, eyes direct grants to ensure consumer benefits.

flag The Irish government has postponed plans to cut the VAT on bike purchases from 23% to 13.5% due to concerns that retailers might not pass on the savings to consumers. flag Instead, officials are considering a direct grant scheme to better tailor support based on income, geography, and other factors. flag The current Cycle to Work scheme already provides support at a cost of €5.5 million annually.

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