Now kicking and screaming we are in 2019. We all take a look at where we are in our lives and what promise 2019 holds for us. We worry about the speed our respective lives are running at and then our bank balances.
On January 2nd 2019, when we all reluctantly went back to work, the first thing we noticed was the change in the hospitality V.A.T. rate, from 9% to 13.5%. Reflecting on our first cup of tea or coffee of 2019, the standard “take away” cup of tea has gone from €1.50 to €2.00, a 33% rise, the standard cup of coffee has gone from €2.00 to €2.25 a 12% rise. V.A.T. only accounts for 4.5%. Those of us who need a “ take out cuppa”, eat out, or just buy a sandwich, or the average three coffee each day at work, question the wisdom of our government to impose this extra charge on the common people.
The tourist, and the Bed and Breakfast customer are a sector that has created seventy thousand jobs extra in five years. The tourism and hospitality industry account for 235 thousand jobs in 2018, with a tax take for our state of 466 million from this sector.
Now Paschal our Finance Minister expects to collect an extra 66 million euro in tax for 2019. Those of us who work in retail or hospitality or in small time business, know only too well that with a 30% rise in the cost of insurance in 12 months, now the V.A.T. rate of 4.5%, gas 7%, electricity 9% and 50% of us getting an increase in the Commercial Rates, Paschal’s figures may need to be adjusted because there is a reason we live and work in the shadow of the “Hidden Heartlands”.
As we all look on at the Brexit debacle, the 31st March is getting very close and no deal is in sight, the British Prime Minister has lost another vote with M.P.s in the Parliament, the date next week will be the crucial vote. Will it be the 3rd time lucky or unlucky for Theresa May?.
We live in ever changing times.
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