The Vice-Chair of the Clare Tourism Advisory Forum believes businesses across the country will be forced into closure if the lower hospitality VAT rate is not reinstated.
The higher 13.5% rate was reintroduced on Friday after having been held at 9% since November of 2020 to mitigate the loss of earnings for hospitality providers during the Covid-19 Pandemic.
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With Ireland’s rate now the third highest in the EU, Industry leaders are set to meet the Finance Minister Michael McGrath this week to discuss the impact.
Owner of Durty Nelly’s Bar and Restaurant in Bunratty, Maurice Walsh says the country can no longer compete.
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