IHF unhappy that business VAT anomaly not rectified

The Irish Hotels Federation (IHF) has welcomed the provisions in Budget 2005 for the increase in capital investment in transport and in personal tax credits, but is disappointed that a “blatant anomaly” in the treatment of VAT on business expenditure in hotels and restaurants was not addressed.

IHF unhappy that business VAT anomaly not rectified

The Irish Hotels Federation (IHF) has welcomed the provisions in Budget 2005 for the increase in capital investment in transport and in personal tax credits, but is disappointed that a “blatant anomaly” in the treatment of VAT on business expenditure in hotels and restaurants was not addressed.

IHF President Richard Bourke says that this places Ireland at a serious competitive disadvantage in the international business tourism market.

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