- Government delayed hospitality VAT cut from 13.5% to 9% until July 2026 due to significant cost to exchequer
- The measure applies to food service businesses, catering, and hairdressers with no sunset clause making it permanent
- Policy will cost 232 million euros from July to end of 2026, rising to 681 million euros in 2027
- This represents the most expensive tax measure in the budget, accounting for over 17% of the total 1.3 billion euro tax package
- Industry critics argue the delay will be too late to save some businesses from closure
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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