State to amend concrete levy to exclude precast after industry backlash

📆 9/6/2023 12:41 PM
📰 businessposthq

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Department of Finance had signalled that precast would be subject to 5 per cent levy but has completed a U-turn after concerns it would advantage Northern Irish firms

The government has moved to exempt some products from the new concrete levy after significant backlash from industry groups, who warned it would damage Ireland’s competitiveness.

Michael McGrath, the minister for finance, this morning announced plans to introduce a legislative amendment that will mean precast – a form of concrete that is prepared and cast off-site and then transported to a construction site – is excluded from the controversial 5 per cent levy.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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.

Bank of Ireland lures London banker to head up property and project financeBank of Ireland hire is part of CEO of corporate and commercial banking Gavin Kelly’s overhaul of unit he took charge of in March
Source: IrishTimes - 🏆 3. / 98 Read more »