Probably important to try and remember which Minister is behind this ideaMad that the Government still thinks that VAT cuts help consumers rather than increase profit margins.....
... and so adding more fuel to the inflation fire, just like most Govt schemes and grantsIf this is rolled out, I very much doubt that it'll benefit the consumer...
Retailers and installers will find a nice excuse for increasing their charges, by a similar amount to the VAT saving, just like the various SEAI grants haven't contributed to consumers really saving any money.
By that logic 50% VAT would make the consumer better off which would make no sense.Far from benefiting consumers, this will actually cost householders more as even the fleeting mirage of a bargain will be enough to further drive up demand in an already booming sector.
No it wouldn't. Prices would of course increase to capture the difference.By that logic 50% VAT would make the consumer better off which would make no sense.
At present levels of demand, supply, and grant availability in that particular sector, I respectfully disagree.Tax incidence varies by the type of product of course, but there are very few where supply is perfectly inelastic allowing producers to capture all benefits of a price change. Solar panels is not one of them.