Thats what I was thinking, an Irish company saying all Irish companies are rip offs...Quote:
Originally Posted by NeilMcD
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Thats what I was thinking, an Irish company saying all Irish companies are rip offs...Quote:
Originally Posted by NeilMcD
I think he means that no VAT is charged on the invoice, he just needs to self account for Irish VAT in his return but presuming he has full recovery then will have no cash flow effect.Quote:
Originally Posted by soccerc
Funny how this becomes a story when the FAI are involved, croker have the same caterers but obviously there was no need for such a story then.
Dodge, steady on man. I said all along i wouldn't stand over what was being said. That was never a secret.Quote:
Originally Posted by Dodge
But you still believed it, thats the point
The items he bought are non saleable and therefore he won't be charging vat on selling these. what it does mean is that as he purchased the products without Vat he won't be able to offset this vat on sales he made (as there is none) in the next vat return and therefore increasing his VAT liability. Buying products without Vat from abroad only benifits short term cash flow, the revenue get ya in the end!!Quote:
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Originally Posted by soccerc
We are. We don't pick figures out of the sky to charge customers though. Something which costs £615 should not cost nearly €2000 over here - yes it's that bad. It's the Irish that are ripping the Irish off. Then again it's been going on for years, if you've ever drank in an Irish bar abroad you'll know what I mean.Quote:
Originally Posted by NeilMcD
These are non re-sale goods that are necessary for the running of the business. The IT system would be regarded as an asset. You simply record it as a purchase in your end of year accounts, detailing both the Euro and Sterling amounts at 0%. It is then accounted for and you do not pay VAT. This according to our accountant so I'll take his word for it!Quote:
Originally Posted by elroy
Irish companies are hampered by the high minimum wage, higher VAT and higher overheads such as energy supply and rent. So you have to expect to pay higher prices here than abroad. But within reason, it still doesn't account for wild differences in pricing which are just off the wall in some instances.
We really shouldn't be surprised - as a Nation we loved capitalism for a decade & then when & now the wheels have fallen off we would elect Fidel Castro into office if we had the choice...Quote:
Originally Posted by Harpsbear
Not wanting to go all Current Affairs on this but I am sure Irish companies win a lot more contracts abroad than foreign companies do here.
But, but, but, but...I heard that we'll have to pay in sterling and that they'll only serve 100% British beef :p
Civil war politics has an awful lot to answer for.Quote:
Originally Posted by pete
Bit of a lazy generalistaion there, not all irish companies behave in this way. I assume you do not include your own company in this statement?
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Originally Posted by 4tothefloor
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Originally Posted by Junior
To be honest it often is and with a lot of organisations it becomes more costly in the long term based on inefficiencies.Certainly our IT support is wonderfully inept and they lost the contract on price so the current contract was undercut. What does it mean?. Employee's moving to the new contractors, working for less money and being equally inept, just a cheaper inept.
Yeah I know it goes on obviously, far too often businesses are looking for short term savings which can be a risky strategy. A companies IT system/network going down for any period of time should cost them enough in lost revenue to teach them that the premium paid for quality usually pays for itself!!
Otherwise I expect the Ambulance chasers will be getting ready as we speak, with their legal writs to the FAI for food poisoning claims etc....etc....:D
I didn't, how could i have believed it when i didn't know either way if it was true or not. I was just relaying what i heard and i always said that. I was told that it wouldn't be part-time staff, it would be full time staff and they would be coming from an existing pool of staff. I didn't claim at any stage that it might be true and i still dont know either way.Quote:
Originally Posted by Dodge
The catering franchise was awarded to the highest bidder, i.e. the company prepared to pay the most for the franchise to the stadium company. This is normal practice just like the Naming Rights, The Beer Rights etc, bought by Diagio for Guinness and Budweiser.
It is then up to the franchise holders to screw us for our food to get their money back!
Personally the chipper under the railway bridge on Bath Ave will do me :D
For the few football games i attended at Croke Park I never noticed the drink/food. Noticed it at the rugby couple of weeks ago & is hopelessly organised. Hopefully the are better in the new stadium.
That said the Millenium stadium in Cardiff is also rubbish.
I can't believe the drink/food suppliers can't organise shorter queues as they must lose out on a lot of money as many people won't queue for 15 minutes.
You go source supplies for your company in Ireland. Then source the same stuff in the UK or elsewhere. Then come back to me. Lazy generalisation? Not when you've spent 3 months researching and sourcing the goods yourself and you know what you're talking about!Quote:
Originally Posted by Cowboy
I source from suppliers both in and outside Ireland. Its a lazy generalistaion because you said "ALL" Irish companies are rip offs which you cannot possibly know to be true. 3 Months research does not make this true unless of course you have dealt with every company in Ireland.Your point would be better served if you stuck to information gained from your own experiences and not general speculationQuote:
Originally Posted by 4tothefloor
Oh you're one of those, the PC brigade.......nuff said :rolleyes::DQuote:
Originally Posted by Cowboy
What are your margins?Quote:
Originally Posted by Cowboy
Hmmmm not so sure about that, Im fully qualified in accounting and tax so know what im talking about and it doesnt really work that way. VAT is an EU wide tax, otherwise why would anyone ever buy goods in their own country if they could avoid VAT by purchasing from another country. If the goods in question are zero rated for VAT purposes then you're correct that no VAT is payable but that would apply whether the goods were bought in Ireland or in another EU country.Quote:
Originally Posted by 4tothefloor