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Budget 2021: Main Points That Effect The Irish Retail Industry

Published on Oct 13 2020 2:17 PM in Retail tagged: Trending Posts / Budget 2021

Budget 2021: Main Points That Effect The Irish Retail Industry

The Minister for Finance Paschal Donohoe is currently delivering Budget 2021.

Minister Donohoe said: "2020 will be recorded as arguably the most challenging year we have faced as a nation. To everyone who has experienced fear, stress and anxiety, let me say unequivocally, that there is hope, and that we will come out of this crisis."

Here are the main points, that effect the Irish retail industry as they happen:

Cigarettes will go up by 50 cent a pack bringing the average cost of a 20 box to €14.

Carbon tax has increased by €7.50 from €26 to €33.50 per tonne/Co2. This means petrol and diesel prices are set to rise from midnight.

Alcohol has remained untouched.

The Employment Wage Subsidy Scheme has been extended to the end of 2021.

© 2020 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.

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