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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