Representation in Ireland


Commissioner Moscovici at today's press conference on the overhaul of VAT rules

The European Commission has today proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish. Today's proposals are the final steps of the Commission's overhaul of VAT rules, with the creation of a single EU VAT area to dramatically reduce the €50 billion lost to VAT fraud each year in the EU, while supporting business and securing government revenues.

House building

According to the latest Eurostat figures, Ireland (+12%) recorded the second highest annual rise in house prices in the EU in the third quarter of 2017 after the Czech Republic (12.3%). On average during the same period, house prices rose by 4.1% in the euro area and by 4.6% in the EU.  Italy (-0.9%) was the only country to record a fall.