Vat on parking income costs cash-strapped city council €2m

A new tax on pay-parking income has cost a cash-strapped local authority over €2m in two years.

City manager Tim Lucey revealed the full impact of the Vat changes at the last meeting of Cork City Council.

Cllr Seán Martin (FF) asked the manager for details on how much Vat the council had to pay on off-street pay-parking income since changes to the system were introduced in mid-2010.