Search Results for 'Tax reform'

Commenting on the recent CSO Residential Property Price Index for November, IPAV, the Institute of Professional Auctioneers & Valuers, said the slowing rate of increase in prices is in line with what auctioneers throughout the country are reporting.

“A gift to land hoarders” is how the Government's new vacant zoned land tax, announced as part of Budget 2022, has been described by a Galway city councillor.

RONAN FAGAN

The Restaurants Association of Ireland (RAI) is urging the Government to retain the 9 per cent VAT rate for the tourism and hospitality industry.

Fianna Fáil Spokesperson on Transport, Tourism and Sport, Robert Troy, has warned that the tourism industry faces significant challenges as a result of Brexit and has called for the retention of the 9 per cent VAT rate to help overcome these difficulties.

It is said that “charity begins at home”.  It is also said “look after the pennies and the pounds look after themselves”.  Maybe this has been updated for cents and euros I’m not sure but as part of the recent Budget documentation, a report on the VAT cost for charities was released by the Department of Finance.  Its main findings and representations were put forward by the Irish charities Tax Reform Group, a working group formed to examine proposals of reducing the VAT burden on charities in Ireland. 

According to a report published by the Restaurants Association of Ireland, 625 new jobs in the food, tourism, and hospitality sectors have been created in Mayo since the reduced VAT rate of nine per cent was introduced in July 2011.

In recent times many businesses are relying on debt and credit control to maintain cashflow. A working knowledge of a computerised accounts system such as SAGE will prove beneficial in achieving this task, and will also transfer as an employable skill.

A councillor who was informed by the Galway County Council executive that the introduction of technology to facilitate live online steaming of council meetings would cost at least €10,000 plus VAT, has obtained his own quote from a private contractor based in the city and it is substantially lower.

Sighs of relief could be heard emanating from living rooms, offices and pubs across the country last Wednesday evening as finally after six years of unrelenting misery on Budget days there was some form of relief for hard-pressed citizens. Having endured such negativity in recent years most people would have settled for ‘not being any worse off’ after this Budget but in the end most people probably ended up modestly better off.