- The Licensed Vintners’ Association (LVA) plans to make the restoration of the 9% VAT rate for food an issue in the upcoming elections.
- The LVA believes that the government should not have increased the VAT rate for food last year.
- The increase in VAT had a negative impact on menu prices and was disliked by the public and the hospitality sector.
- The 9% VAT rate for food had been in place for 10 out of the last 12 years before it was scrapped.
- The LVA highlights that a significant portion of turnover for Dublin pubs comes from food sales.
- Food businesses were forced to raise their menu prices after the VAT rate increase.
- The LVA plans to write to politicians and ask for their support in reinstating the 9% VAT rate for food.
- The LVA hopes that this issue will be addressed before more food-led businesses suffer.
- The industry wants politicians to consider this matter in an election year.
Source: hospitalityireland.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
