Budget 2018

Budget 2018 

The Vintners’ Federation of Ireland (VFI) broadly welcomes the measures announced in 2018 while having reservations about the maintenance of the very high levels of excise on alcohol.

Padraig Cribben, Chief Executive, VFI states: “This Budget can be viewed from the licensed trade as being a neutral Budget and we welcome the maintenance of the 9% VAT rate which is so important to many members throughout the country.”

“We would like to have seen either a reduction in the very onerous excise levels on alcohol in Ireland or an indication that same would happen in the medium term with a view to bringing those levels back towards the European average. Ireland has the second highest level of excise in Europe and this needs to be addressed to sustain competitiveness particularly in the light of Brexit.”

“We welcome the measures that will result in individuals having more disposable income whether it be from reduced taxation or increased Social Welfare payments.”

“We now need to ensure that all of the challenges identified by the Minister including Brexit, American trade policy and other global political problems will not impact on the growing economy and growing employment levels.”

 

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