Markets
Ellie Donnelly: With hospitality booming, it’s time to end its lower Vat rate
The special 9 per cent rate was never meant to be a permanent measure and should be unwound now that the economy has recovered
It came as no surprise to anyone last February when the government caved into pressure from lobby groups and members of the opposition, and announced it would extend the special 9 per cent Vat rate for the hospitality sector for another six months until the end of August.
At the time, inflation was at its peak and there was growing concern that a recession was looming in Europe and Ireland. The move to extend the ...
