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New Year, New VAT Rates for Ireland, Hungary and France
3 Jan 2012
As at the 1st January 2012, the following VAT increases come into effect:
Ireland - 21% to 23%
Hungary - 25% to 27%
France (reduced rate) - 5.5% to 7%
It is also expected that the Italian VAT rate will increase from 21% to 23% later this year (expected autumn 2012).
Our VAT Rates matrix has been updated.