The Licensed Vintners Association is urging the Irish government to implement a VAT cut for food and catering services on budget day, calling for immediate relief for struggling businesses.
The Licensed Vintners Association is urging the government to implement a VAT cut for food and catering services on budget day, rather than waiting until January 1st. This comes after Minister for Finance Paschal Donohoe indicated his intention to reduce the VAT rate to 9 percent, a move that would cost €675 million annually. Fine Gael pledged to lower the VAT rate for the hospitality sector to 11 percent during last year's general election campaign.
Fianna Fáil leader Micheál Martin, while not ruling out support for a VAT change, emphasized the need to consider the overall budgetary framework. The VAT rate was previously reduced to 9 percent during the pandemic to support businesses in the sector before being restored to 13.5 percent.Speaking in the Dáil, Mr. Donohoe stated that any VAT rate change would likely focus on food and catering, acknowledging the positive impact it could have on the industry. He stressed that the decision would be made as part of the budget process, ensuring it is considered alongside other fiscal measures. While recognizing the need to support SMEs in the hospitality sector, the Department of Finance emphasized the importance of balancing costs and impact within the overall budgetary context. The Licensed Vintners Association, representing Dublin publicans, welcomed the planned VAT reduction but urged its immediate implementation on budget day, citing the current challenges faced by the industry. They also called for a reduction in alcohol excise in the upcoming budget to provide further relief to businesses
VAT Hospitality Ireland Budget Licensed Vintners Association Food Catering Cost Of Living Businesses
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