Question
- Junior Cycle Business (Common Level) 2019: Q17
- Back to the question >
Answer
(a)
(i)
(ii) €22,244
(iii)
(b)
(i) Contributions Food2Go Ltd makes to the local area:
- Food2Go Ltd employs people directly in each of its 10 locations throughout Dublin. It may also be responsible for related indirect jobs in suppliers.
- Food2Go Ltd will contribute to local authority rates and taxes, and the money collected will be used to develop local infrastructure.
(ii)
VAT stands for Value Added Tax.
VAT is charged on goods and services.
VAT is a source of income for the Government.
(iii) Foreign businesses are encouraged to locate in Ireland because of our low corporation tax rate, and this creates lots of employment in Ireland.