Hospitality sector optimistic Government will reinstate lower VAT rate

The hospitality sector is optimistic that the government will do the right thing and cut the VAT rate it pays to 9.5% from its current 13.5% rate.

Members of the two main government parties met with representatives from the sector who outlined the challenges they’re facing.

A reduction in the rate would cost the exchequer in the region of €545 million.

CEO of the Restaurants Association Adrian Cummins says the issue would be kept under consideration

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