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Newry Chamber CEO Calls For Government to Cancel The VAT Return

“Many businesses need cash to pay their employees over the next 2-3 months, a quick solution for the government is to cancel the next quarterly VAT return.”

“The announcements this week from government are welcome but there will inevitably be a delay as the government puts the machinery in place to make the payments.”

“Equally, many businesses won’t be eligible for the grants.”

“Companies will have built up cash in their business to pay the return, cancelling the VAT return allows the money to be used to sustain the business.”

“Challenging times call for radical solutions. A solution that is administratively simple but will have quick results.”

Colm Shannon,
Chief Executive Officer
Newry Chamber of Commerce & Trade