The Finance Minister says the Government can no longer guarantee a VAT reduction for hospitality businesses in next year’s budget.
The rate increased to 13.5 per cent almost two years ago, following a temporary reduction during the Covid-19 pandemic.
A return to the 9 per cent rate from next year was promised in the new Programme for Government.
However, Finance Minister Paschal Donohoe says the coalition has been navigating economic uncertainty since then:
