Search Results for 'Value added taxes'

26 results found.

Scrap VAT on first-time house purchases, demands Grealish

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Scrapping VAT for first time buyers could slash "almost €40,000 off the price of a new house in Galway", and be a positive move to help young couples secure a home.

Raised VAT rates in hotel sector to cost rural jobs

Any attempts by the government to raise the VAT rate on the hotel sector will cost numerous jobs in rural Ireland warns Fianna Fáil TD for Roscommon/Galway Eugene Murphy.

Reduced VAT rate leads to job creation in Westmeath

A recent report published by the Restaurant Association of Ireland (RAI) has revealed that 1,441 new jobs in the accommodation and food services sector have been created in county Westmeath since the introduction of the reduced VAT rate of nine percent in July 2011.

RAI urges the Government to retain lower VAT rate

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

VAT refunds for charities

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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. 

Nine per cent VAT rate results in new jobs in Mayo

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.

Reduced hospitality VAT rate creates Mayo jobs

According to a report published by the Restaurant Association of Ireland, 605 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. To highlight the scale of job creation, the report compares the number of direct new jobs to a major local employer, revealing that the 605 extra jobs created in Mayo is more than four times the number of people also employed in Mayo at Knock International Airport.

VAT 2014 and beyond

From 1 January 2014, businesses which have not paid for supplies (either in full or in part) within a six month period will be required to repay to Revenue the VAT previously reclaimed on these supplies. This is mainly an anti-fraud measure, however it is hoped that it will encourage prompt payments, thus increasing cash flow for suppliers, as we all know that cash is king!! Where the supplier is subsequently paid, the amount of deductible VAT can be reclaimed by the customer again. This is measured on a pro rata basis.

Cllr Mannion urges Minister to protect jobs by retaining low VAT rate

The Minister for Finance is being urged to either retain the nine per cent VAT rate or introduce a lower rate in support of the hospitality and tourism sectors as well as retaining and creating jobs.

Small businesses overpaying VAT by up to €14,000

Irish businesses are overpaying thousands of euro in VAT due to a lack of familiarity with the complexities of Ireland’s VAT regime, according to research conducted by business software and services provider Sage.

 

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