The Irish Glass Bottle site: Revenue warned that a lower VAT rate on sale of new apartments could lead to problems with fraud or error in tax payments. Photograph: Bryan O’BrienA controversial cut in VAT on apartments could lead to fraudulent or inadvertent underpayments of tax by the construction sector, the Revenue Commissioners warned Government in advance of Budget 2026. “[It] could lead to accidental or fraudulent underpayments of VAT,” Revenue said in a pre-budget submission. A note from the minister said: “We will go ahead with VAT on apartments only, beginning night of budget. “However, it is not expected that there would be any advantage to consumers who might choose to wait for the lower VAT rate to come into effect,” it said.

Source: The Irish Times December 29, 2025 13:31 UTC