Government considering VAT cut for hospitality sector

Michael McGrath TD, Minister for Public Expenditure and Reform. "It is not the time to withdraw supports for businesses, jobs, and the economy." Picture: Moya Nolan

There will be no reductions in income tax in next week’s budget as they are not part of Finance Minister Paschal Donohue's thinking at this time.

Confirming that personal tax rates will remain unchanged, Public Expenditure Minister Michael McGrathhas not ruled out a reduction in the VAT rate for the hospitality sector.