Until recently, EU law generally prohibited zero VAT rates unless specific derogations had been granted to members as part of their EU accession treaties. But amendments to the EU VAT directive agreed last December and adopted in April give member states more flexibility in how they apply VAT to certain products and services, including print and digital newspapers.
In an opinion article in the Sunday Times, Mr O’Reilly identified a threefold increase in energy costs and a rise in the cost of newsprint from €390 a tonne to €960 a tonne as among the challenges facing publishers, alongside the dominance of digital platforms in the online advertising market. “A free, vibrant media is vital to our democracy,” said Mr Hughes, responding to Mr Donohoe’s announcement on Twitter.Ireland’s thriving screen industry received an extension to the Section 481 tax credit for film, television and animation production from the end of 2024 to the end of 2028, giving assurance to projects in development that there will be no unfavourable withdrawal of the corporation tax relief by the time they go into production.
The tax credit “underpins the success” of the Irish screen sector, Ms Bergin said: “It is essential to the further growth of the industry, creating increased job opportunities, spend in the Irish economy across the country, and most crucially, structured skills development for Irish crew nationwide.”
“We’re delighted to see this extension, which will provide our members with the clarity they need to develop future projects.”
Who the hell reads newspapers Its 2022 and the media are full of lies
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hospitality VAT rate to return to 13.5% next yearThe 9% VAT rate for hospitality will remain in place until the end of February 2023, with Minister for Finance Paschal Donohoe holding firm on the decision to return the rate for hospitality to 13.5% next year Good no sympathy for those greedy hotels who ripped us off this year Hospitality is one of the main things that hold the social fabric of Ireland together. Once locals, favourite watering holes, and other grassroots social places start closing - they will be facing a very disgruntled public. Good luck to us all (Except for the taxman).
Source: rtenews - 🏆 1. / 99 Read more »
Source: businessposthq - 🏆 8. / 71 Read more »