Economy ‘Mass closures’ inevitable unless government reduces Vat rate – retail bodyRetail Excellence Ireland criticises ‘punitive’ labour costs imposed by government, including the increased minimum wage, statutory sick pay and legacy tax debt
News Irish Hairdressers Federation calls on government to reassess minimum wage increaseIt said labour costs and repayment of warehoused debts were the largest issues facing the industry.
Tax No Vat cut for small bars and cafés, says finance minister Michael McGrath Minister was speaking despite Taoiseach saying proposal merits consideration amid growing unease on the backbenches
News Leo Varadkar: Splitting Vat rate for restaurants ‘warrants consideration’ Two Fine Gael politicians have joined the chorus demanding a shift in taxation policy for the hospitality sector
Hospitality Split Vat rate for struggling restaurants ‘won’t be considered’ by governmentA spate of recent closures have spurred calls for a lower Vat rate to be applied to restaurants but the government has no plans to make such a move
Business Post's View Editorial: Why reducing Vat for non-hotel hospitality sector is a must Sins of greedy hoteliers are not good enough reason to punish small businesses who are dying
Hospitality The extra costs eating into restaurants’ survival hopesBetween rising wages and inflation, the hospitality sector says many businesses are struggling to stay afloat
Hospitality Hotel transactions plummet amid drop in Dublin activityIrish total hotel transactions fell to 30 per cent below the historical average amid a perilous period for the Irish investment property market
Hospitality Inflation bites: why Ireland’s fine dining restaurants are struggling The shuttering of Richard Corrigan’s Dublin 4 venture after a single year’s trading reveals how the entire restaurant sector is struggling
Companies SME’s face 36% surge in costs due to changes in minimum wage and pension entitlementsExcel Recruitment has warned the government needs to introduce supports for businesses to help them absorb rising costs over the coming years
Tax CSO: Total tax collected last year was €110 billion Corporation tax more than doubled but income tax makes up almost half of all revenue as receipts rise 17 per cent
Big Read ‘We cannot afford to pay any more than we’re paying now’ – SMEs face perfect storm From hikes in the minimum wage to an increase in the hospitality Vat rate, some say it’s never been harder to be in business
budget 2024 Savills calls for 9% VAT rate for construction sector Property agency recommended a slew of measures ahead of next week’s budget as new housing supply falls ‘critically behind demand’
Hospitality Split Vat rate for hotels and restaurants unlikely to be included in Budget 2024Catherine Martin, the tourism minister, met with industry representatives this morning where the issue was raised
Hospitality ‘It’s hard to stay positive’: restaurateurs brace themselves for 4% Vat hikeThe rate will increase to 13.5 per cent at midnight
Hospitality Warning that numbers won’t add up for restaurants as higher Vat rate arrivesHospitality Vat rate is scheduled to increase from 9 per cent to 13.5 per cent this week while restaurant sector vows to lobby to get it back down
Tax Ibec calls for 9% Vat rate for hospitality to be kept as minimum wage set to riseThe business representative group said that retaining the special rate is vital supporting jobs in the sector
Housing Tax Strategy Group: VAT cuts could cause spike in house prices Group report says past experience ‘strongly suggests the need for a cautionary stance’ on tax incentives in housing sector in Budget 2024
tourism Idea of raising 9 per cent Vat rate on tourism is ‘nonsensical’The vast majority of Ireland’s tourist businesses are SMEs and they will be badly affected if the current rate is increased
Markets Ellie Donnelly: With hospitality booming, it’s time to end its lower Vat rateThe special 9 per cent rate was never meant to be a permanent measure and should be unwound now that the economy has recovered