Government set to axe 9% Vat rate for hospitality sector

Representatives of the hospitality industry met with Finance Minister Michael McGrath on Monday evening in order to restate their demand for the retention of the 9% Vat rate.

On Thursday, a cabinet sub-committee meeting is expected to consider the future of the various cost-of-living supports, including the reduced Vat rate with decisions being taken by the full Cabinet the following week.

The Government is set to dash the hopes of the hospitality industry by axing the 9% Vat rate for the sector, despite fresh calls for the lower rate to be extended.

Representatives of the hospitality industry met with the Minister for Finance Michael McGrath on Monday evening in order to restate their demand for the retention of the Vat rate.