business

Northern firm seeks to gain from concrete levy by luring Irish firms

Tobermore wrote to clients in Republic to advise them which precast products will not be subject to 5 per cent tax introduced to fund mica redress scheme

The Irish Concrete Federation has opposed the inclusion of precast products in the levy, saying it gives a significant advantage to companies in the North, such as Tobermore

A major concrete firm in the North is advertising that some of its products are exempt from the Irish government’s new concrete levy, amid “grave concern” in the industry that the tax will hand a competitive advantage to companies north of the border.

The Defective Concrete Products Levy came into effect on Friday, imposing a 5 per cent tax on the first sale of concrete products as part of a strategy to help fund the ...