Category: vat

VAT receipts could fall this year by between €3.9 billion and €6.7 billion, according to research carried out by the Economic and Social Research Institute.  The ESRI has forecast that spending by households could fall by between 12% and 20% as a result of the restrictions imposed to tackle the spread of Covid-19. The ESRI says the […]

Restaurants seek fresh VAT cut to combat hard-Brexit Restaurants here want the Government to reduce the VAT rate for the hospitality sector to 9% once again, ahead of a potential no-deal Brexit. The organisation has warned that one in five restaurants here is likely to close if the UK leaves the EU without a deal. […]