Search Results for 'Value added taxes'

28 results found.

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.

Increase in standard rate of VAT from next week

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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.

Annual VAT Recovery Rate Adjustment

Most companies only ever look at the VAT treatment of supplies. Often companies forget to look at the potential to recover more VAT on costs and almost never consider whether they have recovered too much VAT on costs.

New Reduced VAT rate due to start from next week

As part of the Jobs Initiative outlined by the new Government earlier this year, a second reduced VAT rate of nine per cent is to be introduced from  July 1 2011 to December 31 2013 to help the economy grow and increase job creation, especially in the tourism sector.  

Export Business - How does VAT work?

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?

VAT and subcontractors

I have a construction company specializing in one off housing. I am engaged by contractors to do work for them and also by the house owners in which case I use my own subcontractors. I am very confused by the new scheme for VAT between principal contractors and subcontractors. How does it work?

VAT reduction required to save Kilkenny jobs

Labour Party candidate for Kilkenny City Sean Butler has called on the government to do yet another u-turn on their recent budget and follow many other EU member states in reducing VAT rates to help get the economy through the current economic crisis.

Can VAT help my cashflow problems?

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?

VAT on new homes should be reduced for first-time buyers - Ring

The Fine Gael spokesperson on community, rural and Gaeltacht affairs Deputy Michael Ring has called for a reduction in VAT charges in order to stimulate new house sales. But Dep Ring is empathic the benefit should only apply to first-time buyers and not developers.


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