McGrath won't revisit Vat hospitality rate this year despite pressure on hospitality sector

Mr McGrath reiterated the need 'to provide as much flexibility as possible to businesses that have tax debt warehoused',

Finance Minister Michael McGrath. The hospitality Vat rate was returned to its pre-pandemic level of 13.5% in the most recent budget despite heavy lobbying from some industry groups. Picture: Leah Farrell/© RollingNews.ie

Finance Minister Michael McGrath said he will not revisit the contentious Vat rate despite cost pressures facing small hospitality firms, but said he remains focused on providing tax debt warehousing flexibility.

Mr McGrath said “there are no plans for a change to the Vat rate” and that it is “set for 2024”, adding that if he made changes to parts of the most recent budget it would open the floodgates for other sectors to make demands.