Search Results for 'European Union law'
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For the first time in seven bitter years, we are witnessing serious opposition to Government policies that have made ordinary folk pay for an economic crisis they did not create. This resistance did not come from within the Dáil. It emerged through actions taken completely outside of the parliamentary process arising from the formation of the Right2Water campaign in opposition to water charges.
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.
After much speculation, Minister for Finance, Michael Noonan, confirmed that the standard rate of Irish VAT is to increase from 21 per cent to 23 per cent with effect from midnight 31 December 2011. This VAT rate change is earlier than set out by the Government under the National Recovery Plan where it stated that the standard rate of VAT would only increase to 23 per cent in 2014.
A Ballinasloe man with multiple sclerosis could face a further delay in getting permission to return home for family visits while in possession of his palliative medication, which includes cannabis, after a failed complaint bid to the European Ombudsman.
The EU member states have agreed a range of changes to the current VAT rules, known as the VAT Package. This VAT Package will come into effect across the EU on 1 January 2010 and is summarised below. You will need to consider the impact of the new measures for your business.