Adrian Cummins, CEO of the Restaurants Association of Ireland, stated:
“Currently, thousands of workers are being laid off as we speak. A specific aid package for the Tourism and Hospitality sector need to be in place by Monday morning.”
The Restaurant Association’s emergency demands are:
- Immediate reduction of the VAT rate to 9% for Tourism and Hospitality businesses for a minimum period of 6 months
- Irish Banks must defer loan repayments for at least 6 months
- Revenue must introduce a moratorium on VAT payments
- Employer PRSI must be halved to support employers
To view the new measures announced by Revenue today, click here.