Government Vat receipts from energy bills surge despite temporary rate cut on residential accounts

Homes with gas and electricity paying €265 a year in tax

VAT take from residential energy bills tops €4Billion

Charlie Weston

The Government’s Vat take on energy bills has surged despite a temporary cut in the rate on residential electricity and gas accounts.

The spike in energy costs over the last few years is behind the bumper Vat receipts for the Exchequer. Electricity prices in this country are already among the highest in Europe.