Temporary (6 months) Standard VAT Reduction Ireland

Irish revenue had announced in the July stimulus plan that the standard rate of VAT (currently 23%) will be temporary reduced to a lower rate of 21% for a 6 month period, from 1st Sept 2020 to 28th Feb 2021. I cannot find anything on Sage (Ireland) informing business partners and users alike to the best method of appropriating the change, and with one week to go, I was wondering if there was information available, possibly similar to the UK announcement below, which would facilitate users to deploying changes to their system in keeping with the VAT change requirements. I had found a notification on Sage Help Centre noting the impending change, with words similar to "more details to follow", and have also contacted support by phone, but no further information has yet been made available. 

UK VAT change announcement

On Wednesday 15 July, a VAT reduction came into effect for certain goods and services within the hospitality, holiday accommodation and attractions sectors in the UK. This reduction sees VAT change from 20% to 5% for six months. We have a range of support available to help you and your business manage this change. Find out more

https://my.sage.co.uk/public/help.aspx#/customer/support/vatchange/category/accounts