Following repeated calls to successive Governments to lower the rate of VAT on newspapers, the National Newspapers of Ireland (NNI) welcomes today’s announcement that the rate is to be reduced to 9%, from 13.5%, which was the highest rate on newspaper sales amongst the long-standing EU countries.

Responding to the announcement, the Chairman of NNI, Paul Cooke said “NNI greatly welcomes this significant reduction in VAT, particularly at a time when the media landscape has changed so drastically and the newspaper industry is faced with huge threats.

“Two of our national newspapers have recently closed and the industry is dealing with on-going challenges as it seeks to sustain employment for the thousands dependent on it.  

“This reduction represents a very positive step as NNI strives to ensure the continued existence of a strong and vibrant indigenous newspaper industry.”

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