VAT rebate plan for county's towns
Published 28/04/2015 | 00:00
Wexford Fianna Fáil Councillor Michael Sheehan has called for the introduction of VAT Rebate Zones in town centres that formerly had Town Councils.
The proposal aims to give new businesses a VAT rebate of up to €10,000 per annum to rejuvenate and develop towns.
Cllr Sheehan said: 'This new policy is designed to rejuvenate and redefine modern Irish towns for the 21st century. Former rating or town councils would be eligible for the scheme subject to population limits of 10,000 people.'
He suggested that businesses within the Rebate Zone can then claim up to €10,000 per annum from Revenue upon being approved for three years.
'Councils can be prescriptive or expansive in their application of the programme per individual. With the changes in the economy and in consumer patterns over the last decade, towns need to be focussed on their unique experience and qualitative choices over a mere commercial transaction.' He said the council would adopt a scheme of terms and conditions.