Search Results for 'trader'

Q. I am in the process of establishing an export business in the west. I am sourcing a manufacturer for my product in Ireland and all of my sales will be abroad — 50 per cent US and 50 per cent in Europe. I will be selling to distributors in a number of countries. I am very confused on the VAT treatment. How does it work?

Q. I am running my own business and I am registered for VAT and prepare bi-monthly returns based on my invoices. I am currently experiencing some cashflow difficulties due to economic conditions, a friend recommended that I account for VAT on a cash receipts basis. What is this and how does this work?

Westmeath’s bookmakers are fearful for the future of their businesses following the doubling of betting duty announced in this week’s Budget, with a number fearing they may have to let staff go.

Leaflets handed out throughout the city last week offering a 15 per cent discount for customers of a head shop have been slammed by a local senator who believes the shop is ridiculing the Government.

A 47-year-old man has pleaded not guilty to the murder of well-known Kilbeggan horse trader Christy Hanley.

Last Sunday saw the launch of Galway’s newest market in Clarinbridge. It will be held on the last Sunday of each month beside the garden centre at the rear of Centra. There was a superb turnout of 19 market stalls selling cakes, breads, home-made soups, oysters, farm fresh eggs, jams, pancakes, chutneys, and home-made fudge, plus several jewellery and hand crafts stalls. It was very busy with one trader telling me that she had sold 48 cakes of brown bread by 1.30pm. It starts at 12 noon and closes at 6pm, and a stall can be purchased for €20 which seems very good value indeed. I predict that it is going to be very popular, particularly in the summer months, so if you are thinking about a stall there, book your space now before it is full. As always I encourage you to attend and support all local markets in your area and I wish the Clarinbridge Market and all its stall holders every success.

The jury in the trial of the man accused of murdering Kilbeggan horse trader Christy Hanley has heard how the pensioner was found dead in his home having been tied up and beaten.

While most businesses in the west of Ireland have full VAT recovery and therefore often say that VAT is not a “real” cost to them, many traders have VAT tied up in stock, debtors, and costs within their company. These areas could be better managed in order to keep the cash flow cost of VAT to a minimum.

As most readers will know, I am an avid supporter of local markets and indeed I shop regularly at them in Galway city, Oranmore, Clarinbridge, Moycullen, and anywhere else I see them up and down the country. However I have had many comments from readers and friends that the produce is often very expensive. Traditionally most people go to a market and expect some sort of deal or bargain — I’m mainly thinking of clothing, etc, however, I think the same mindset is true with many people where food markets are concerned.

While most businesses in the west of Ireland have full VAT recovery and therefore often say that VAT is not a “real” cost to them, many traders have VAT tied up in stock, debtors, and costs within their company. These areas could be better managed in order to keep the cash flow cost of VAT to a minimum.