This month, the VAT (IVA) on Electricity goes up from 6% to the maximum 23% - ouch !
In the Budget presented to Parliament earlier this week, the VAT on Restaurants will increase form 13% to 23%
OK, so I lied in the title of this topic
Good news for holidays in Portugal
Good news for holidays in Portugal
** Richard
PIMS: Holiday Rental Management system
They say we learn from our mistakes. That makes me a genius !
PIMS: Holiday Rental Management system
They say we learn from our mistakes. That makes me a genius !
I don't mean to sound rude, but that's the last thing to do. Visitors being faced with increases in Restaurants, foodstuffs, Tolls do not want to pay any more for their holidays.la vache! wrote:Will you have to put up your prices?.
If anything we need to be thinking about dropping prices rather than kill the tourist industry !
I've done some arithmetic, and actually all I have to do is sell one more off-peak week and I can recover the additional VAT on electricity.
So, the answer is to keep my prices, and just work harder and smarter.
Perhaps a few striking (un)civil servants in Greece etc could learn that lesson too !
** Richard
PIMS: Holiday Rental Management system
They say we learn from our mistakes. That makes me a genius !
PIMS: Holiday Rental Management system
They say we learn from our mistakes. That makes me a genius !
That's great if you can do that e-R. I wish I could, but with the fall in sterling against the euro, increases in all other bills an the only possibility of increasing the letting season by doing more low season lets where the profit margins are already negligible due to heating costs, it just isn't feasible anymore to keep rates the same or drop them.
But is great to see that Portugal is taking action so get itself out of the financial mire. I hope they are as successful as Ireland and as you say, teach Greece a lesson.
But is great to see that Portugal is taking action so get itself out of the financial mire. I hope they are as successful as Ireland and as you say, teach Greece a lesson.