- Restaurants and cafes have closed since VAT hike on hospitality
- VAT rate was reduced during pandemic but returned to original rate last year
- Over 500 restaurants and cafes have closed since then
- Restaurants’ Association of Ireland launched ‘VAT9’ campaign to return rate to 9%
- President Paul Lenehan stated that businesses are suffering due to various economic shocks
- Rising costs have eroded profit margins for restaurants
- VAT is the only cost the Government can control
- Budget 2025 to be held on October 1st
Source: newstalk.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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