6 thoughts on “A Limerick A Day

  1. Dudey

    This Creed fellow seems to be complaining about the VAT system of sales tax, something which is common to all countries in the EU I believe.
    It is a two edged sword, that allows people to claim back some of the tax, that is due on goods sold at a loss.

    Some goods will always have to be sold at a loss. Consider, tinnies that are approaching their sell by date.

    He clearly fails to understand the way the tax system works. And that by and large it collects more than it rebates.
    Also I believe the VAT rules, are written in stone, Europe wide.

    1. 3stella

      “This is an absurd taxpayer subsidy to the drinks industry”

      It’s not a sudsidary unless you have already set a minimum price for alcohol and then the government expect their disgrace high 23% VAT on it. Ultimately it is the consumer pays the extra here, as the retailer will pass it on.

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