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The July Stimulus Package – in Brief

News of The July Stimulus Package has been announced today, July 23rd of July, 2020. Taoiseach, Micheál Martin has announced 50 measures to boost the economy. This is an unprecedented set of measures for unprecedented times.

 

Some of the measures include …

 

  • Six months reduction in the VAT rate from 23% to 21%
  • Enhanced restart grants
  • Six month commercial rates break
  • Loan guarantees
  • Extension of the Temporary Wage Subsidy Scheme
  • Change to payment of key taxes
  • Sector specific supports
  • Assist those out of work

 

Keep an eye on our blog and Facebook page, as we’ll have more details to follow in the coming days…..

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