The operator of one of the north west’s leading horse riding centres and stables is welcoming confirmation that the 9% VAT rate is to be continued for approved riding centres.
The Department of Finance has confirmed that horse riding centres are considered to be a sports facility for the purposes of VAT, and sports facilities will continue to pay at a rate of 9%.
Horse Sport Ireland and the Association of Irish Riding Establishments (AIRE) have welcomed the news.
They say it will encourage growth in the industry, help parents with reasonably priced sport for their children, while riding centres will also appreciate the cash flow when purchasing winter fodder in the coming months.
Declan McGarry, of Sligo Riding Centre and McGarrys Stables, said there were fears the VAT would have been increased to 13%.