Finance Minister Paschal Donohoe is facing growing demands
to reverse the imposition of VAT on supplements to help many elderly people who
rely on such products.
Even after being in business in Midleton for over 20 years, Jill Bell, owner of Well & Good, feels that this is one of the biggest challenges the health food industry has ever faced. “We have heard from several customers who say they are facing a serious increase in their monthly health food supplements bill thanks to the proposed 23% VAT rate from March 1st.”
The Health Stores Ireland association, representing producers and distributors, said the introduction of VAT would have a major effect on the old and the sick.
Jill has rejected a statement by Mr Donohoe who said the Revenue Commissioners came up with the VAT increase through interpretation of the tax code and that he had to accept their decision as his “hands were tied.”
“His hands are not tied. The Minister is sitting on his hands,” she says.
Read the full story inside this week’s Midleton & District News.