IHF calls for reduced VAT rate in pre-Budget submission

Published 24th Jul 2024 by Karina Corbett

In its newly-published pre-Budget submission, the Irish Hairdressers Federation (IHF) is asking the Government to implement a number of measures to safeguard the future of the hairdressing industry in Ireland.

It is calling for is a return to the 9% VAT rate; greater engagement from the Minister for Finance Jack Chambers with business owners to ensure the introduction and implementation of a living wage that is sustainable for businesses; and the repayment terms for warehoused debt to be extended, with a 0% interest rate for any legacy debt owed to Revenue.

The IHF is also urging the Minister to provide more targeted grants and supports for salons concerning high energy costs and rates, and to cut employer PRSI contributions for employees in SMEs.

“Some of our members have simply felt unable to continue their business and livelihood and have chosen to close their doors,” said IHF president Lisa Eccles. 

“At a time when the world's energy costs are dropping, many of our members are baffled as to the high costs of energy which they have to absorb on a daily basis. We call on Government to take immediate action and provide extra support to salons owners across the country.”

 

Karina Corbett

Karina Corbett

Published 24th Jul 2024

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