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People bulk buying are 'wasting their money', Humphreys says

People who are bulk buying during the coronavirus outbreak are "wasting their money", according t...
Stephen McNeice
Stephen McNeice

16.06 13 Mar 2020


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People bulk buying are 'wastin...

People bulk buying are 'wasting their money', Humphreys says

Stephen McNeice
Stephen McNeice

16.06 13 Mar 2020


Share this article


People who are bulk buying during the coronavirus outbreak are "wasting their money", according to Business Minister Heather Humphreys.

She earlier held talks with 40 grocery retailers and distributors about the situation.

They say people stockpiling are creating unnecessary problems for stores, with shoppers panic-buying and disrupting supply chains.

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Speaking this afternoon, Minister Humphreys said: "There is supplies, and all of the things you need are in the different distribution centres - they have assured me of that this morning.

"So I would say to people once again: you're wasting your money. It's better if you just act normally and do what you would normally do."

Retail Excellence Ireland has previously moved to reassure people that Ireland is "prepared to continue to supply all grocery outlets for the coming months".

The Government also today quashed social media rumours the country's being placed on a so-called "status red" lockdown from Monday.

The Defence Forces says there's no substance to them, and misinformation is unhelpful during the coronavirus outbreak.

Finance Minister Paschal Donohoe also said there are no such plans.

Revenue

Meanwhile, the Revenue Commissioners are bringing in rule changes for small and medium businesses during the coronavirus outbreak.

They won’t apply interest on late VAT returns for January and February for companies experiencing temporary cash flow problems.

All debt enforcement activity is being suspended, and current tax clearance status will remain in place for businesses for the time being.

Revenue says businesses experiencing cash flow difficulties should still send in tax returns on time.

In a statement, they said: "Businesses, other than SMEs, who are experiencing temporary cash flow or trading difficulties should contact the Collector-General’s office on (01) 7383663.

"Revenue will continue to closely monitor the evolving situation regarding COVID-19 and will issue further updated guidance for businesses when required and particularly in good time before the March/April VAT returns, and other future returns are due."

Main image: Heather Humphreys at a press briefing in Dublin today. Photograph: RollingNews.ie

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