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Ireland delays VAT cut on bikes, eyes direct grants to ensure consumer benefits.
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.
Instead, officials are considering a direct grant scheme to better tailor support based on income, geography, and other factors.
The current Cycle to Work scheme already provides support at a cost of €5.5 million annually.
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Irlanda retrasa la reducción del IVA en las bicicletas, contempla subvenciones directas para garantizar los beneficios al consumidor.