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Displaying items by tag: VAT Cut

The tourism industry in Ireland has said it can deliver growth of 65% if the incoming government restores the 9% Vat rate.

The Irish Tourism Industry Confederation published its election manifesto today and said Brexit, weakened demand and increased costs of business have resulted in revenue falling by 1% in 2019 with regional Ireland hit hardest.

The confederation is made up of tourism businesses and stakeholders including Aer Lingus, B&B Ireland, Irish Ferries, the Restaurant Association of Ireland and the Vintner’s Federation of Ireland.

Along with a Vat reduction, the confederation said the cost of insurance must also be addressed.

For more on this story from BreakingNews.ie click here.

Published in News Update

Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.