Hospitality industry welcomes the reduction of VAT to 9%

'But for many, this small step will, unfortunately, come too late'

A VAT reduction was a key ask of the hotels and tourism bodies.

The hospitality industry has welcomed the cut in VAT rates for the sector from 13.5% to 9%.

The reduced rate comes into effect from November 1 to allow those businesses still operating to receive the benefit. A VAT reduction was a key ask of the hotels and tourism bodies.