Hotels group slams 'guillotining' of capital allowance schemes

The Irish Hotels Federation (IHF) has criticised what it calls "the guillotining" of capital allowance schemes in today's Budget from the Minister for Finance’s Michael Noonan.

It did welcome the special allocation to be made for the national tourism ‘Gathering’ initiative in 2013 and acknowledged the significant benefit the reduced VAT rate of 9% has had for the hospitality sector.