The Limited Times

Now you can see non-English news...

Gas likely to be much more expensive from 2024: Lindner defends earlier re-increase in VAT

2023-09-27T14:22:20.541Z

Highlights: Gas likely to be much more expensive from 2024: Lindner defends earlier re-increase in VAT. Earlier increase would flush 2.1 billion euros more into the coffers of the state as a whole. Coalition partner SPD sees it differently, the Greens are still hesitating. "We cannot simply return to a higher VAT rate at an early stage," says spokesman for the SPD parliamentary group, Michael Schrodi, on X, formerly Twitter. "Above the level of 2023": Economic expert expects significant increase in pensions next year.



Status: 27/09/2023, 16:13 p.m.

By: Lisa Mayerhofer

CommentsShare

From next year, gas and district heating will probably become a lot more expensive again. Finance Minister Lindner would then like to raise the VAT back to the normal rate.

Berlin – The prices for gas and electricity have fallen. But at the end of the year, some aid measures against high energy prices will expire. This could lead to price jumps in the middle of the heating season, warns the energy industry and also the economist Veronika Grimm.

Finance Minister Lindner wants to raise VAT on gas and district heating earlier

They are calling for the price brakes for electricity and gas decided by the traffic light government last year to be extended at least until spring. The VAT rate for gas and district heating, which has been temporarily reduced from 19 to 7 percent, is also to remain lower in order to signal stability and security in energy prices to energy customers, according to the German Association of Energy and Water Industries (BDEW).

Finance Minister Christian Lindner (FDP) wants to raise the VAT on gas and district heating back to the normal rate from the beginning of 2024. (Archive image) © Michael Kappeler/dpa

But Finance Minister Christian Lindner (FDP) wants to raise the VAT on gas and district heating back to the normal rate from the beginning of 2024. It was a crisis-related relief, in addition to the gas and electricity price brakes, Lindner said on Wednesday at the government questioning in the Bundestag.

The price development has not been as bad as feared last year. The normal VAT rate of 19 percent could thus be paid again three months earlier, while the price brakes would continue until spring 2024. "That's justifiable."

VAT on gas: Earlier increase would flush 2.1 billion euros more into the coffers

However, the coalition partner SPD sees it differently, the Greens are still hesitating. "Especially in the heating phase, we cannot simply return to a higher VAT rate at an early stage," wrote the financial policy spokesman for the SPD parliamentary group, Michael Schrodi, on X, formerly Twitter.

0

Also Read

Fifa boss gambles away with license for sports game classics – analyst blasphemes: "Infantino is a sucker"

READ

Bad luck for those born in 1964: the retirement age is gradually being raised

READ

Fighter jet pilot in the Bundeswehr: This is how high the salary is

READ

Basic allowance and pension: This is how much is tax-free in 2023

READ

"Above the level of 2023": Economic expert expects significant increase in pensions next year

READ

Fancy a voyage of discovery?

My Area

After all, the state could then look forward to large revenues: According to the Ministry of Finance, the earlier increase in VAT on gas would flush about 2.1 billion euros more into the coffers of the state as a whole.

With material from Reuters

Source: merkur

All news articles on 2023-09-27

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.