The government will abolish VAT on newspapers in next week’s budget

The government is expected to scrap VAT on newspapers in next week’s budget. Taoiseach Micheál Martin backed the measure in New York after a long industry campaign to help local media survive.

He said the proposal was “on the table” and that he was “positive” about it.

“We will definitely check that.

“When we published the media commission’s report, we said that we want to do everything we can to enable the media, especially the print media, to survive in a very difficult environment,” he said.

“It’s certainly an issue that’s on the table.”

Asked if he personally supports VAT abolition, he said: “I am the country’s Taoiseach, I don’t always have the opportunity to express personal opinions.

“But look, we’re working on it, I’m in a positive mood.”

He said that local newspapers in particular have been leaking important information to the public during the pandemic.

“Across Ireland, provincial media, print media etc have proven themselves in relation to the pandemic, getting information out to the public, that is exactly what we have been discussing in relation to the United Nations in terms of democracy. ” he said.

The VAT rate on the sale of newspapers is currently at a reduced rate of 9 percent from 13.5 percent.

In introducing the alternative budget, Labour’s finance spokesman Ged Nash said the print media is an “inherent and important part of our democracy”.

Sinn Féin has also called for the measure in its alternative budget.

According to Louth Sinn Féin, TD Ruairí Ó Murchú, this will “give a vital lifeline to local newspapers across Ireland”.

Newsbrands, which represents national newspapers, and Local Ireland, which represents local newspapers, asked TDs and Senators at Leinster House last week to cut the sentence.

Ireland currently has one of the highest VAT rates for newspapers in Europe.

https://www.independent.ie/business/budget/government-set-to-scrap-vat-on-newspapers-in-next-weeks-budget-42013332.html The government will abolish VAT on newspapers in next week’s budget

Fry Electronics Team

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