Search Results for 'Value-added tax'
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The Irish Hotels Federation (IHF) has expressed deep disappointment at the increase in the tourism VAT rate to 13.5%, announced by Minister Paschal Donohoe as part of Budget 2019.
The Minister for Finance Paschal Donohoe presented his third Budget on Tuesday against the backdrop of continuing improved economic performance. Budget 2019 sees the distribution of the benefits of the improving economic conditions, mostly in the form of increased Government spending. Some of the key expenditure areas highlighted by the Minister included social and affordable housing, health and childcare, education, Brexit and climate change. On the tax front, there was a mixture of tax increases and modest tax reductions.
Brexit has been labelled as 'The hospitality industry's Most Immediate Threat' by The Restaurants Association of Ireland (RAI), which has launched its Pre- Budget Submission 2019 as part of a progressive plan to sustain jobs, maintain competitiveness and deliver certainty for the restaurant and tourism sector.
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.
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.
Business owners, self-employed persons, entrepreneurs, however we like to label ourselves, we have three things in common: Most of us love what we do. And we love getting paid for it. It’s the bits in between we don’t care for much.
O’Donnellan & Joyce has experienced growth in the number of private treaty sales in the first quarter of 2016. The city centre estate agency reports that 46 properties have been sold by private treaty in the first quarter of the year with the surge in demand being seen in both city and country properties. This rise is due to the shortage in supply of quality housing, particularly in and around the city, coupled with the increase in the amount of pre-approved, ‘ready to go’ buyers.
Fine Gael TD and General Election candidate for Galway West and Mayo South, Seán Kyne has welcomed the commitment to tackle the issue of VAT on defibrillators. He said that Fine Gael will, if re-elected to Government, establish a special fund to buy defibrillators for public places, such as schools, and to cover the cost of VAT charged on defibrillators.
The Government needs to impose the proposed local development charge rebate scheme on a nationwide basis in order to ease the current housing supply crisis, according to the Real Estate Alliance (REA).