The Chair of the Clare Tourism Advisory Forum believes the lower VAT rate for the hospitality industry will need to be extended beyond the beginning of next year.
The 9 percent rate, which was cut from 13.5 percent to help combat the effects of the pandemic, was due to expire at the end of August, and will now run until the end of February 2023.
The cost of maintaining the lower rate until next year is likely to be in the region of 250 million euro.
CONTINUE READING BELOW
Sean Lally of Hotel Woodstock in Ennis has been telling Clare FM’s Josh Prenderville that while the decision is welcome, it may need to be extended further come next Spring.
Listen to the full interview here….