Wednesday 21 February 2018

The major thing for us is that corporation tax is unchanged

In conversation with Louise Hogan

SHEILA and John Murray operate a family-run business in Castlebar, Co Mayo. Murray's Recycled Plastic has been in business since 1998. It supplies maintenance-free garden products, such as fencing or furniture, made from recycled plastic.

The couple hope to earn around €50,000 this year. Mrs Murray said they employ one person part-time.

"I'd hope to examine the new business expansion scheme to see if it is possible to raise finance in the hope of setting up a small manufacturing plant," she said.

"That is due to take place in 2011. We'd hope to employ more people in the long term if we can set up a plant.

"The reduction in the minimum wage will be of benefit to us in employing people.

"The major thing for us is that the corporation tax hasn't been touched. The fact that it is staying at 12.5pc is a positive; but on the other hand, increasing VAT by 1pc will make our products more expensive.

"It will also mount up in terms of the day-to-day running of the business.

"We would supply a lot of products and the higher VAT rate would apply to those, so that will make our products more expensive.

"But we also supply and fit products. With those, the lower VAT rate of 13.5pc applies and the price will remain unchanged.

"People will have less money in their pockets to spend as a result of all the cuts."

Irish Independent

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