Retailers Calling For VAT Reduction
Retailers are calling for a 3% reduction in VAT to offset the effects of Brexit, sterling devaluation and the huge move to online shopping.
Retail Excellence, which represents over ten thousand shops across the country, holds its pre-budget briefing today in Dublin.
The group says Brexit is already damaging Irish shopkeepers, citing successive trading reports by Grant Thornton which show that 15 out of 20 retail sectors are in decline.
Spokesperson Lorraine Higgins says the current 23% VAT rate was introduced as an emergency measure - and that it's time for it to be slashed:
More from Cork
-
Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
-
Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
-
International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
-
UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
-
Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
-
UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries