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There are hopes that the Government may meet the hospitality sector halfway as it relates to the impending hike to the VAT rate.   The rate is set to return to 13.5% from midnight tonight following several extensions of the lower 9%.   There are ongoing fears that businesses in…

There are genuine fears that smaller restaurants and hotels in the North West will shut if the 9% VAT rate for the hospitality sector isn’t maintained. Finance Minister Pascal Donohoe is standing firm on a decision to return the VAT rate for hospitality to 13.5% next year. It currently stands…