tourism
Tourism firms expect to 'pass on’ price rises to customers if Vat increases
Tourism figures say thousands of jobs are at risk in the industry if the sector’s Vat rate goes from 9 per cent to 13.5 per cent
An expected return of the 13.5 per cent VAT rate on tourism, up from the current 9 per cent rate, will have an inflationary effect according to two major business groups.
The Vat rate for the hospitality sector, traditionally 13.5 per cent, was lowered to 9 per cent as an emergency measure to support the industry after the Covid outbreak.
It is now due to expire at the end of the month and this is ...
