Tags Tagged With Uk vat
Lower Uk Vat Rate Is Attracting Shoppers From Across The Border
While it has been widely argued that the UK VAT rate change has not made a significant impact, shop owners in Northern Ireland have been experience an unexpected, but very positive side affect. Prompted by high tax rates, a strong Euro and a need to save money, many shoppers from the Republic of Ireland have been making the journey north to shop in the UK, where the VAT rate is only 15%, after being cut from 17.5% last year. The VAT rate in the Republic, by contrast, is 21.5% In the past year
Should The Republic Of Ireland Reduce Vat?
News is emerging that concerned border towns in Ireland are calling for Finance minister Brian Lenihan to cut VAT by 6% from 21% to 15% in line with the UK's announced VAT rate change. Irish towns that border with the UK run the risk of shoppers deciding to take advantage of the strong exchange rate and the lower VAT rate in the UK and doing their christmas shopping across the border. Lenihan has admitted that the large numbers of Republican shoppers travelling north to shop in N
Why The Vat Rate Change Is A Future Scam Based On An Empty Promise
Since the UK VAT rate change was announced on Monday, thousands of people from financial experts to the average bystander have chipped in their opinions. Many of the opinions have been cautious, and some have been just plain negative, and for good reason... Benefit To Low-Income Families One of the key claims surrounding this VAT rate cut is that it will benefit low income families. What the government seem to have failed to realise is that by its very nature, VAT