There are renewed hopes that the 9% VAT rate for the hospitality sector will be retained.
It’s after Minister for Tourism Catherine Martin has said she will seek a further extension of the VAT rate for the sector.
The current reduced rate is due to expire on 28 February and revert to the higher rate of 13.5% from 1 March with fears in the North West that it will ultimately lead to job losses.
Speaking to Ocean FM, Fianna Fail Cllr Tom MacSharry says for smaller businesses in particular, its vital the rate is retained:
