The Finance Minister is being warned that any increase to the tourism VAT rate could have a ‘devastating’ impact on the trade in Clare.
It’s after Paschal Donohue revealed that the 9% VAT rate is under consideration in the next budget.
The lower rate was brought in during the recession to give tourism a much-needed boost at a time when the sector was struggling, and the former Chairman of Loop Head Tourism claims it saved many businesses in the county.
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Kilkee-based tourism consultant Cillian Murphy says the benefits of maintaining the current rate are plain to see:
