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South Irish vat rate ups to 21.5%
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<blockquote data-quote="compufunk" data-source="post: 572149" data-attributes="member: 288741"><p>The hike in VAT in the republic was a stupid move, almost everywhere else where there are economic problems, they are reducing tax to encourage spending.</p><p></p><p>Its a treble double blow to ROI retailers considering, the hike in VAT here, a reduction up north and the weak pound. Most of the ROI population are within a two hour drive of NI, you cant blame them for heading where they get more value for money.</p><p></p><p>In fact there are lots of NI retailers offering a straight exchange of €1 for £1.</p><p></p><p>To be fair, the Irish budget was back in mid October, long before Alistair Darling announced the reduction, but I cant believe that two countries that trade so closely didn't consult each other before making decisions like this.</p></blockquote><p></p>
[QUOTE="compufunk, post: 572149, member: 288741"] The hike in VAT in the republic was a stupid move, almost everywhere else where there are economic problems, they are reducing tax to encourage spending. Its a treble double blow to ROI retailers considering, the hike in VAT here, a reduction up north and the weak pound. Most of the ROI population are within a two hour drive of NI, you cant blame them for heading where they get more value for money. In fact there are lots of NI retailers offering a straight exchange of €1 for £1. To be fair, the Irish budget was back in mid October, long before Alistair Darling announced the reduction, but I cant believe that two countries that trade so closely didn't consult each other before making decisions like this. [/QUOTE]
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South Irish vat rate ups to 21.5%
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