1,800 jobs at risk if food supplements VAT hike comes in, Minister warned

The Irish Health Trade Association (IHTA) has accused Finance Minister Paschal Donohoe of "running down the clock" and refusing to take action to prevent a VAT increase on food supplements which it says will destroy 200 businesses and 1,800 jobs.

The Revenue Commissioners is set to introduce a 23% VAT rate on food supplements from Friday next, March 1, a decision made by Revenue on December 27 last.