Opportunity knocks for digital firms

The Irish digital economy is predicted to be worth €21bn, and employ 150,000 by 2020. This thriving sector needs to be nurtured.

That’s why a new EU Vat rule to be introduced tomorrow is good for business, and good for the State, with a €600m Vat windfall already budgeted for 2015 to 2019.

There may be an initial shock to the system of the estimated 2,500 Irish companies that will be affected, but when we dig deep as to the reasons it will be seen as a positive piece of legislation.