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A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>The minister denied that the closure of over 570 restaurants, cafes, and other food businesses since September 2023 signals the death of city centres. Picture: Burak K/Pexels</p>

news

Returning to 9% Vat rate 'would cost well in excess of €700m'

Public expenditure minister says decision is not just one of 'commitment and courage' but also one of cost

<p>Revenue advised that there would be 'significant operational concerns' in having different Vat rates for the food and accommodation sectors. </p>

economy

Government strategy group rejects calls for reduced Vat rate for hospitality

<p>The finance and enterprise departments have increased supports for businesses this year but Finance Minister Michael McGrath remains firm on his decision not to cut the Vat rate for hospitality. Picture: Brian Lawless/PA</p>

economy

Ifac warns that premature tax cuts could overheat the economy

File Photo PEOPLE ARE BEING warned to be alert against a phishing scam involving fraudulent emails and texts

economy

February tax revenues rise to €4.2bn boosted by buoyant employment levels

Employers will not face PRSI contribution increase under plan

politics

Employers will not face PRSI contribution increase under plan

Jim Power: RTÉ and FAI chaos is drawing attention away from urgent economic issues

Cork accountant's 'ham-fisted' scheme 'was always going to come back and bite him'

Cork accountant's 'ham-fisted' scheme 'was always going to come back and bite him'

Suspended sentence, community service, and €10,000 fine for accountant who claimed repayments of income tax and Vat

Tue, 20 Feb, 2024

Grocery shopping is in session

Lowest-income households 'hardest hit' by indirect taxes

All Irish consumers pay indirect taxes in the form of Vat on goods and services, excise on tobacco and alcohol, and through carbon taxes

Tue, 20 Feb, 2024

'It feels I'm working for nothing': Cafe owner calls on Government to help struggling businesses

'It feels I'm working for nothing': Cafe owner calls on Government to help struggling businesses

With rising costs, the increase in the minimum wage, and the decision to raise the Vat rate back to 13.5%, owner of popular coffee shop feels the Government is 'stabbing small businesses'

Fri, 16 Feb, 2024

Going out of business - Closed sign

Shops and restaurants 'will see mass closures' without Vat relief, says retailers' group

Irish retail and catering entities are facing a perfect storm of headwinds at present, with inflationary issues, energy, and legacy tax bills combining to place unprecedented pressure on business owners

Tue, 06 Feb, 2024

McGrath removes interest payments on €1.7bn 'warehoused' debt owed to State by firms

McGrath removes interest payments on €1.7bn 'warehoused' debt owed to State by firms

Any interest already paid at the previous rate of 3% will be refunded

Mon, 05 Feb, 2024

Home completions hit 15-year high, CSO data shows

Home completions hit 15-year high, CSO data shows

Taoiseach Leo Varadkar told a Fine Gael meeting that the latest figures should provide clear proof of the progress in the housing construction sector

Thu, 25 Jan, 2024

Woman working at a restaurant

Ibec warns that struggling SMEs may need extra financial help

70% of survey respondents are as confident now as they were six months ago — but 25% said they expected turnover to fall

Tue, 21 Nov, 2023

Farmers are glad that fuel excise levies have been delayed

Farmers are glad that fuel excise levies have been delayed

The pause on increases in Vat and levies on fuel and power is a relief, but farmers will be studying fine details in Budget 2024 including capital gains tax relief and stamp duty

Listen | Wed, 11 Oct, 2023

Beautiful modern hotel room

Hotel federation criticises expiration of 9% VAT rate

'Increasing taxes on holidaymakers and Irish consumers is the last thing we should be doing,' Denyse Campbell, president of the IHF said

Fri, 01 Sep, 2023

Teenage mental health stock

Irish Examiner view: Camhs report shows children are still being left without proper care

Why does it appear that services for vulnerable children are routinely unavailable, underfunded, or inadequate? Is it because those children lack political clout or popular representation?

Fri, 01 Sep, 2023

Consumers facing double hit of Vat and fuel price increases

Consumers facing double hit of Vat and fuel price increases

Criticism of 'outrageous' tax hikes as Society of St Vincent de Paul sees 14% rise in calls from people seeking help with food and energy costs

Fri, 01 Sep, 2023

Lot of documents fastened with multicolored paper clips lying on table closeup

Paul Hosford: Tax Strategy Group papers an interesting stop on road to October budget

In 10 volumes of discussion, there is plenty for this and future governments to consider, writes Political Correspondent Paul Hosford

Sat, 22 Jul, 2023

Housing Ireland

O’Brien ‘not looking for’ construction sector Vat reduction

Ireland could now apply a 9% Vat rate to the supply and construction of housing as part of a social policy

Wed, 19 Jul, 2023

Scant hope of continuing reduced Vat rate for tourism and hospitality sector

Scant hope of continuing reduced Vat rate for tourism and hospitality sector

The reduced rate of Vat is due to come to an end at the end of next month following a six-month extension agreed by the Government

Tue, 18 Jul, 2023

VAT rate on new solar panels cut to zero saving households €1,000 on installation

VAT rate on new solar panels cut to zero saving households €1,000 on installation

Green Party leader Eamon Ryan signed off on the move in a bid to encourage more people to opt for renewable energy

Sun, 02 Apr, 2023

Tax revenues bring in €3.9bn haul in February despite growth slowing for income tax receipts

Tax revenues bring in €3.9bn haul in February despite growth slowing for income tax receipts

Figures the latest indicator economy is weathering borrowing cost hikes and highest consumer price inflation for decades

Thu, 02 Mar, 2023

Senior man checking bills at home

Cost-of-living package to include €200 payment for OAPs and carers but no energy credit

Previous cuts to fuel excise will be slowly reintroduced following a 'robust discussion' at the Cabinet table.

Tue, 21 Feb, 2023

Thalidomide survivor told she must pay €23k Vat bill for modified van bought in UK

Thalidomide survivor told she must pay €23k Vat bill for modified van bought in UK

Finance Minister refused to make an exception for Limerick woman Leigh Gath, who was forced to buy a €93k adapted van in England as no Irish companies offer the service

Wed, 15 Feb, 2023

Woman working at a restaurant

One in five restaurants are at risk of closing if Vat rate rises, warns industry body

An economic report contested that the reduced rate of Vat should remain in place as the current trading environment remains volatile post-pandemic due to inflation

Sun, 12 Feb, 2023

Payment left for restaurant meal

Eoghan O'Mara Walsh: Consumers will pay the price if Vat increases

Hopes of difficulties being in the rear-view mirror have quickly evaporated. Global economic headwinds, inflation, and the energy crisis have all meant that there is now considerable unease about the outlook for 2023

Mon, 23 Jan, 2023

Payment left for restaurant meal

Tourism stakeholders reach fever pitch to keep lower Vat rate

As the deadline looms closer, it offers stakeholders in the tourism industry a chance to ramp up their efforts to try and finally win a long fought battle to reduce the rate of Vat permanently, writes Cáit Caden

Mon, 16 Jan, 2023

Why I'm more optimistic than pessimistic about Ireland’s prospects

Why I'm more optimistic than pessimistic about Ireland’s prospects

It's not all gloomy but some sectors face a slide in discretionary spending. Against this background, the Government should postpone hiking Vat on hospitality back up to 13.5%

Sun, 27 Nov, 2022

Jim Power: Global tech trouble clouds Irish economic outlook

Jim Power: Global tech trouble clouds Irish economic outlook

Layoffs at Twitter and Stripe, and poor results at Facebook and Amazon, bring a new uncertainty about the tech sector

Sun, 06 Nov, 2022

General Stock - Newspapers

Irish Examiner view: Missing the deadline on newspaper Vat

Publishers urgently require some breathing space

Sat, 17 Sep, 2022

Varadkar says taxation body's recommendations 'straight out of Sinn Féin manifesto'

Varadkar says taxation body's recommendations 'straight out of Sinn Féin manifesto'

The Tánaiste has criticised recommendations from the independent expert body on taxation, claiming they are "straight out of the Sinn Féin manifesto".

Wed, 14 Sep, 2022

People working at a food factory

Ibec calls for budget funding for food and drink manufacturers

Ibec group Food Drink Ireland (FDI) said high costs have put pressure on manufacturers and urged the Government to invest funds from the Brexit Adjustment Reserve into the sector

Tue, 13 Sep, 2022

Fuel prices

Lowering excise duty on petrol and diesel by 20% for six months would cost exchequer €249m

About 50% of the prices charged at Irish pumps at present stem from differing taxes, the largest of which being excise, followed by VAT at 23%

Sat, 09 Jul, 2022

Syrian refugee holds onto his children as he struggles to walk off a dinghy on the Greek island of Lesbos

Letters to the Editor: Shameful milestone as we mark World Refugee Day

A very small proportion come to our shores to seek protection and we should be willing to help them

Sat, 18 Jun, 2022

File Photo PEOPLE ARE BEING warned to be alert against a phishing scam involving fraudulent emails and texts

Brian Keegan: Revenue will have to woo firms over IT plans

Business community will need to be convinced that simplifying tax compliance duties will justify the cost and effort involved

Sun, 15 May, 2022

CC OUTDOOR DINING

Drinks firms get 'free advertising' from awnings given to pubs and restaurants

The committee heard that local spaces now being used “more productively” since the pandemic should not be “given back over to cars”.

Thu, 12 May, 2022

File Photo PEOPLE ARE BEING warned to be alert against a phishing scam involving fraudulent emails and texts

April tax haul of €3.9bn points to resilient Irish economy despite Ukraine war

Income tax receipts have risen, while other major sources of tax revenues had mixed performances in the month.

Wed, 04 May, 2022

Electric Utility Meter

'Everyone will benefit' from VAT cuts in gas and electricity

Tánaiste Leo Varadkar says a 0% VAT rate is not possible but that a cut from 13.5% to 9% should help to ease the cost of living burden

Tue, 12 Apr, 2022

St Patrick's Day parade returns, LONDON, UK - 13 Mar 2022

Eoghan O'Mara Walsh: Tourism safety net can't be removed

St Patrick's Day ought to have signalled a return to normality — but war, inflation, and labour shortages mean that the tourism sector cannot absorb the planned Vat hike

Sun, 20 Mar, 2022

Government tax revenues climb 14.5% in February as income tax receipts surge

Government tax revenues climb 14.5% in February as income tax receipts surge

New figures show Ireland's finances remain in a healthy state as the economy emerges from the Covid crisis

Wed, 02 Mar, 2022

Last day of month - payment deadline. Calculator with money on the calendar with last day of month.

Brian Keegan: VAT relief the way to best tackle inflation

The economic bounce back from the pandemic restrictions, as underlined by the positive exchequer figures last week, is quite remarkable.

Sun, 06 Feb, 2022

Online shopping deivery issues

Online shoppers reminded of customs rules that may lead to additional charges

Last July, new rules came into effect meaning there may be charges on non-EU goods

Wed, 10 Nov, 2021

CC PASCHAL O DONOHOE

Economy emerging from crisis rapidly as tax revenues soar

Three of the big four tax sources helped deliver €39.5bn this year, leaving State finances in good shape ahead of Budget 2022

Thu, 02 Sep, 2021

Online shopping deivery issues

Online shoppers reminded new Vat rules may lead to additional charges

On July 1, new rules will come into effect for goods arriving into Ireland from non-EU countries

Mon, 31 May, 2021

Government mulls extending lower VAT rate for tourism

Government mulls extending lower VAT rate for tourism

No “cliff edge” to the wage supports for businesses at the end of June, says Tánaiste

Mon, 10 May, 2021

Irish exports balloon to €161bn in 2020 thanks to, rather than despite, Covid-19 crisis

Irish exports balloon to €161bn in 2020 thanks to, rather than despite, Covid-19 crisis

Economists are wondering if the trends can last, however.

Mon, 15 Feb, 2021

Finance minister defends changes to taxes on pandemic payments scheme

Finance minister defends changes to taxes on pandemic payments scheme

Income tax accrued on the PUP this year is payable in 2021, a change from the system in place last year

Thu, 11 Feb, 2021

Irish Examiner view: EU must learn from Covid errors

Everyday consumer issues cannot be discounted

Wed, 03 Feb, 2021

Companies face huge loss of business due to Brexit tourist Vat measures

Companies face huge loss of business due to Brexit tourist Vat measures

Under the Government's Brexit bill, the Retail Export Scheme, which allows non-EU tourists to claim Vat refunds on gift items purchased here, will rise to €75

Wed, 25 Nov, 2020

Tax change to 'decimate' Wild Atlantic Way tours

Tax change to 'decimate' Wild Atlantic Way tours

Proposed tax changes, currently moving through the Oireachtas, will “decimate” Irish tourism along the Wild Atlantic Way route, a leading economist has warned.

Mon, 16 Nov, 2020