you need to do a quick course on wafflers , hammer is a paid part time spin merchant for Fianna Gael and full time waffler , i doubt if anyone takes him too seriouslyI think you are rather hard on Hammer calling him a waffler. He just likes to big up any jobs coming.
I agree with you re the hassle and redtape involved in setting up and running a business. Far too many hoops, far too much bumf and boxes to be ticked.
I asked the Revenue ..... mind you I had to ask quite a number before I found there is a vat policy section in Dublin Castle and there I found that this is a process ... permitted ...... note it is a process thus it is Revenue's interpretation of how the vat directive works....That's pretty scandalous, do you have a link?
lads ... do you never listen ....
The price difference is arising because the Revenue provide MNC with a profit before profit invoicing arrangement.....,.
An UK supplier is "allowed" to ship goods into Ireland on behalf of an UK MNC to its Irish stores and to invoice those goods exempt of vat and quoting an Irish vat number....( cash flow saving). The MNC in the UK is then allowed to onward invoice these goods to its Irish operations having charged an so called cost ( essentially this is an paper profit transaction provided by the Revenue process).
This results in higher cost prices coming into the Irish stores and of course higher vat costs .....
The Revenue have serious questions to answer here .......
The ratings agency said that comments from the Bank of England that a hike might be nearing seemed designed to push up sterling and cool inflation.
"Overall, we believe the Bank and Mark Carney's recent statements are primarily aimed at propping up sterling to reduce imported inflation pressures," S&P analysts said in a report.
The very act of raising interest rates raises costs and then inflation. Back to that ERM feeling?BoE shots blanks to stop pound slump? Will it work longer term?