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Tourism Industry Urges VAT Reduction to Boost Competitiveness Amid Economic Challenges

  • Tourism sector faces challenges due to geopolitical and macroeconomic uncertainty.
  • Priority is to restore nine percent VAT rate for food services.
  • Irish Tourism Industry Confederation calls for VAT cut from 13.5 percent to nine percent.
  • Focus on competitiveness, connectivity, and investment.
  • Ireland is the second most expensive EU country; VAT cut should extend to attractions and adventure operators.
  • Lift passenger cap at Dublin Airport; support Cork and Shannon airports.
  • Tourism contributes 2.9 billion euros annually in taxes; current state investment is inadequate.
  • Increase investment by 90 million euros for market diversification and sustainability.
  • ITIC members prioritize VAT reduction for food businesses and lower employers PRSI rates.
  • Nine percent VAT rate should extend to ticket prices and adventure tourism.
  • Budget 2026 is crucial for supporting indigenous industries.
  • Confederation includes various tourism and hospitality associations.

Source: killarneytoday.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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