This resolution provides for reductions, with effect from midnight tonight, in the rates of alcohol products tax across the full range of alcohol products. The reductions, when VAT is included, amount to 12 cent on a pint of standard beer and cider, 14 cent on a standard measure of spirits and 60 cent on a standard bottle of wine, with pro rata reductions for other products. The expected cost of these reductions is approximately €90 million in a full year, when account is taken of the expected change in where alcohol products are sourced. The measures will reduce the consumer price index by approximately 0.3%.

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