Cutting the 13.5 per cent Vat rate on hospitality and tourism to 9 per cent for the duration of next year would cost the State €320 million, estimates by the Department of Finance suggest.
The government came under intense pressure from hotel groups and restaurateurs to include a cut in the 13.5 per cent mid-rate of Vat as part of the €7.4 billion stimulus package it announced in July.
In the end, the government opted instead for the...
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