MEDIA STATEMENT: LOCAL IRELAND WELCOMES MOVE TO 0% VAT FOR NEWS PUBLISHERS
Local Ireland, the association representing 32 weekly paid-for newspapers around the country, has welcomed today’s decision by the Minister for Finance Paschal Donohoe to remove VAT on newspapers and digital subscriptions.
President of Local Ireland Declan McGuire said: “This is a very important move for news publishers.
“Zero per cent VAT will allow local newspapers around Ireland to invest in journalism and in the transition to new digital business models.
“News publishers have faced a series of major challenges over recent years, most recently the huge increases in the cost of newsprint. This move will help support jobs in the industry and sustain the quality of our service to readers.
“We very much appreciate this endorsement by Government for the valuable role we play in our communities and the public service content we provide.
“I would like to thank the Minister for Finance and the Minister for Public Expenditure and all the Ministers, TDs and Senators from across the political spectrum who have given their support to our campaign to end VAT on journalism.”
Executive Director of Local Ireland Bob Hughes said: “Local news publishers are the lifeblood of the communities they serve. Along with our national colleagues represented by NewsBrands Ireland, we play a vital role in Ireland’s democracy.
“Today’s decision will protect the future of trusted, professional journalism in Ireland against the tide of global disinformation that threatens to undermine healthy democratic debate and analysis.”