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Businesses reiterate demand for Vat cut after Michael McGrath’s Revenue debt warehousing tweaks

Representatives have again called for the Vat rate for hospitality businesses to be cut despite welcoming Michael McGrath’s revamped debt warehousing scheme

Businesses groups have reiterated their call for the Vat rate to be cut for hospitality businesses. Picture: Getty Images

Business representative groups have reiterated their demand that the Vat rate for hospitality businesses be cut despite offering a cautious welcome to changes to the debt warehousing scheme announced by the government on Monday.

The Restaurants Association of Ireland (RAI) said that the updated debt warehousing scheme would “not ensure long-term viability for the food-led hospitality industry,” and instead, called for the Vat rate to be lowered to 9 per cent immediately.

“As the minister ...