Annemarie Harte, Chief Executive of Hardware Association Ireland commented on the extension of the scheme last month. “Another 12 months of the scheme will support both consumers and our retailers and merchants, and indeed our whole supply chain. We believe this will allow the rest of the country to catch up and benefit from this incentive, and continue to boost our sector so badly affected by the downturn and construction crash.”
The three main points relevant to our members from today’s announcement are as follows:
Noonan stated: “Retailers in Ireland currently face excessive fees for accepting card payments. A new EU regulation is halving the interchange fees faced by retailers to 30 basis points for credit cards. The corresponding fee for debit cards is to be halved to 10 basis points. These changes come into effect on the 9th of December this year.”
The simplification of the rates of commercial motor tax was announced by which the 20 existing rates will be replaced with just five rates of commercial motor tax, ranging from €92 to €900 with effect from the 1st of January 2016.
The most significant reductions are concentrated on the larger goods vehicles. The maximum rate of commercial motor tax will be €900 per annum, down from €5,195.
The lower 8.5% Class A rate of employer PRSI is being extended from January to weekly earning up to €376 (up from €356).