- Department of Finance rejects return to 9% VAT rate for hospitality
- Tax Strategy Group says move would be too costly and unjustified
- Tourism and hospitality sector had been lobbying for rate reinstatement
- Estimated cost of temporary VAT reduction would be €764 million for full year
- Department says evidence does not support fiscal transfer to sector
- Real disposable income recovery will support demand for contact-intensive services
Source: irishtimes.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.
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