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Important Reminder for Business Owners - Jobs Initiative Changes effective July 1st

June 29, 2011


Important Reminder for Business Owners - Jobs Initiative Changes effective July 1st

Important Reminder for Business Owners - Jobs Initiative Changes effective July 1st

In line with the recent Jobs Initiative, certain services to which the 13.5% vat rate applies will enjoy a reduced rate of VAT of 9% from July 1st until the end of 2013. This new 9% rate applies mainly to the tourism sector and includes restaurant and catering services, hotel and holiday accommodation and various entertainment services such as admissions to cinemas, theatres, museums, fairgrounds, amusement parks and sporting facilities. The new rate will also apply to hairdressing and printed matter such as newspapers.

Also effective from July 1st is the halving of Employers PRSI on jobs that pay up to €356 per week. The rate will be reduced from 8.5% to 4.25%. This measure is also effective until the end of 2013.

Should you need any help or advice regarding these new provisions, please contact us.