Friday 17 November 2017

'This Budget brings more equality to the tax system,' says Dublin business owner

My Budget: business owner

David Trimble, Trimble Florists, Nutgrove Shopping Centre, Rathfarnham.
David Trimble, Trimble Florists, Nutgrove Shopping Centre, Rathfarnham.

David Trimble runs the Trimble Flowers, Gifts & Furniture shop in Nutgrove Shopping Centre in Dublin.

He has been in business for 18 years and has seen boom-and-bust cycles come and go, but the last recession was the hardest to survive.

His business is a family one and he employs five people, mainly on a part-time basis.

David's three children are now in college and no longer fall into the bracket of child benefit.

"I think this is the first time ever that the Government has acknowledged that there was an unequal system between the self-employed and the PAYE sector, and I'm glad the €550 tax credit was introduced," he said.

"I hope that over coming budgets more is done, such as giving employers an option of paying into a PRSI scheme, because, at the end of the day, if my business goes belly-up I'll be the only one left with nothing while all my employees would be entitled to something," he added.

"The USC changes will make a bit of a difference to me, but they will be a big benefit to my employees because it should take most of them out of it because they work part-time," David said.

"I pay my staff above the minimum wage, so the increase in that doesn't affect me," he added.

David (56) doesn't smoke, so the only increase in tax in the Budget won't matter to him.

"Where the Budget will probably most affect me is in the money it puts back into my customers' pockets," he told the Herald.

"They are delighted to have a small bit more money and that will help confidence, and that will mean more money circulating in the wider economy, which is good for business," he added.

"Things like the extra money on the child benefit, the pensions, the fuel allowance and the Christmas bonus all make a difference to many of my customers," he said.

"My type of business has been hit hard over the years because I sell what people will buy once the essentials are taken care of, and if they have little left they watch that. I've often said before that we talked ourselves down as a country when the recession hit and it takes a long time to get that confidence back. Maybe now we can see that confidence grow and we can talk ourselves up and lift the economy," said David.

"I can sense it, and I think the Budget will help. Apart for the smokers there was no negatives in it," he added.

"The one thing I would like to see here from a retailer's perspective is something like the system in the US where an item has a price but when you go to pay for it you get to see how much tax and duties are added to it," David said.

"It would be hard for customers to get to grips with, but if they spend €100 in my shop they think it all goes in my pocket, but if they could see the 23pc in VAT they are giving the Government then it would be a more open tax," he said.

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