Irish ministers urged to cut VAT
Monday June 22, 2009
The Irish government should consider cutting its VAT rate, according to DSG Retail Ireland.
According to the company, which owns high street chains including Currys and PC World, the rate of tax charged in the country should be reduced by around 3.5 per cent.
The Irish Examiner reports hopes are high that such a move would reduce the number of people in the country heading into Northern Ireland to take advantage of lower VAT on products.
Declan Ronayne, managing director of DSG Ireland, told the newspaper that the government should "stop playing politics with retail" in the region,
"If we’re arrogant enough to think we can be competitive with this rate, then we’re in a bad place," he added.
Retailers in the UK recently revealed they are against a potential rise in VAT which may come into force at the end of this year during the sales season.