Category Archives: News

Consumer spending up 6% in December – Revolut

TaxPlus Accountants have a number of retail clients. We were delighted to read this earlier on the RTE website. New figures from Revolut shows that total consumer spending in December 2020 rose by 6% from December 2019, with many sectors seeing record levels of expenditure. Digital banking app Revolut said its research showed that consumers […]

New Covid-19 Supports Announced By Irish Government

Over the bank holiday weekend, additional business supports were announced by the  Government. Details are still being fleshed out, but here are a few highlights: A €10,000 restart grant for micro and small businesses based on a rates/waiver rebate from 2019 A three month commercial rates waiver for impacted businesses; A €2 billion Pandemic Stabilisation […]

13.5 % VAT Rate Increase for Hospitality, Entertainment and Hair Cuts

Many of the budget announcements made last year have come into effect since January 1st.. One of the biggest changes that consumers are experiencing is the 13.5% VAT rate increase on tourism, hospitality and entertainment. It was at 9%. In last year’s Budget announcement, Minister for Finance, Paschal Donohue said a review of the 9% […]