Yesterday the Irish government announced their jobs initiative to stimulate employment and improve Ireland’s competitiveness. As the tourism industry has suffered an approximate loss of earnings of 30% over the years 2007 -2010, many of the measures are designed to stimulate this sector. The reduction in VAT on tourism related services from 13.5% to 9% is very welcome. What does this mean for the consumer? The Minister stressed that the VAT reduction must be passed onto the consumer, and that the government will be monitoring these prices. Here are some examples of pricing reductions that we should see with effect [...]Read More
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