Restaurant Association warns increased VAT will lead to closures

The Chief Executive of the Irish Restaurants Association, Adrian Cummins has warned that the 50% increase in VAT for the sector is going to lead to the closure of restaurants and job losses.

He also denied a Dept of Finance assertion that the reduced VAT, which was introduced in an attempt to boost the industry, had meant a loss of €2.6 billion to the Exchequer.