9% VAT rate to run through to end of 2013

The temporary 9% VAT rate has been extended to the end of 2013 in a move that will benefit the tourism sector and in particular restaurants and hotels.

Leo Varadkar, the tourism minister, said he is extending the 9% VAT rate to the end of 2013 so that it will be in place for the Gathering Ireland festival.

“Following recent discussions with the minister for finance, I have obtained an assurance that the lower rate of VAT will be maintained during 2013 so that businesses, tour operators, and customers alike can plan for the 2013 season knowing that the 9% rate will apply,” Mr Varadkar said.