Friday October 30, 2020

Taxing times for tourism

Restaurant and hotel owners claim this year’s Vat increase for their sector should have been deferred in the face of Brexit uncertainty, writes Deanna O’Connor

27th January, 2019
4
Ruslan Mocharskyy, owner of The Art of Coffee Pic: Maura Hickey

The government’s decision to raise Value Added Tax (Vat) in the tourism and hospitality sector as part of Budget 2019 was met with disappointment in many quarters. The special 9 per cent Vat rate introduced in 2011 to boost the sector jumped back up to 13.5 per cent from January 2019, and is expected to raise €466 million in revenues over this year. However, despite the booming year and record visitor numbers in 2018, the...

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