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Minister of State for Tourism and Sport, Michael Ring has said that the retention of the nine per cent VAT rate for tourism services will be a great boost to the tourism sector. Minister Ring has also warmly welcomed the scrapping of the air travel tax, as introduced by the Minister for Finance, Michael Noonan TD, as part of Budget 2014.

Applicants for the second call of the employment subsidy scheme, a €70 million fund to assist in sustaining jobs have recently been notified as to whether or not they have been successful. Russell Brennan Keane’s clients are among the 2,590 businesses in Ireland that applied for support, and 80 per cent of applications made by the firm’s clients were successful. For many of these businesses it has proved to be a timely boost to cashflow with support of up to €9,100 per employee being secured.