Search Results for 'Value added tax'

Charities that have collected donations from the public via text messages deserve to be paid compensation where phone companies have charged VAT on the texts.

Unless you are blind, or very rich, or both you cannot help but notice that the price of fuel has got completely out of hand in recent months. We are now paying well over €1.60 and getting on for €1.70 per litre for petrol, and €1.60 is typical for diesel.

The deadline is looming for every house owner in Ireland to pay the new property tax, and understandably people are asking: when does it stop?

The deadline is looming for every house owner in Ireland to pay the new property tax, and understandably people are asking: when does it stop?

Retail Ireland, the IBEC group that represents the retail sector, this week said that new CSO retail sales figures highlighted a pretty dismal start to the year for Irish retailers and suggested many consumers had made purchases in November and December to avoid the January VAT hike.

If fuel prices continue to rise at their current rate, it will have a catastrophic effect on the competitiveness of Irish products and services, both at home and abroad.

Bright Ideas, the Midlands specialists in lighting, have a massive ‘Beat the Budget’ sale now on with all lighting VAT free.

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.

This year, the budget has received a very mixed reaction from the general public. It was lauded as a budget to be feared and there was a lot of kite-flying of very scary issues which never materialised or that materialised in a toned down manner and this has left some, feeling somewhat relieved.

IBEC, the group that represents Irish business, has stated that the Government has relied too heavily on increasing tax in Budget 2012, rather than reducing current expenditure. The group welcomed specific measures aimed at supporting R&D and financial services, attracting mobile talent and restoring normal activity to the property market, but said the scale of these positive measures was small when compared to the very negative effect of the €90 million increase in employer PRSI charges and the major reduction in the redundancy rebate, announced yesterday. The total cost of Budget 2012 to business will be in the region of €400 million.