- Finance Minister Michael McGrath has ruled out any changes to VAT taxation rates in 2024.
- The hospitality sector is calling for a return to the lower VAT rate due to restaurant and cafe closures.
- Taoiseach Leo Varadkar suggested considering a split VAT rate to help struggling hospitality firms.
- Rising costs and a higher VAT rate have left many operations in the sector struggling to survive.
- McGrath stated that there are no plans for changes to VAT rates in 2024.
- The government is finalizing changes to the tax debt warehousing regime to support businesses’ cash flow challenges.
- McGrath emphasized the government’s commitment to supporting businesses and employers.
Source: independent.ie
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
