New Measures announced by Revenue don’t go a fraction of the way towards helping businesses, especially the Tourism and Hospitality sector

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.