RAI welcomes 9% VAT Rate extension until March 2023
The Restaurants Association of Ireland welcomes the decision taken today (Tuesday 10th May 2022) by Minister for Finance Paschal Donohoe to extend the 9% VAT Rate for Tourism and Hospitality by a further 6 months to 28th February 2023. Speaking about today’s announcement of a 6 month extension, Restaurants Association of Ireland CEO Adrian Cummins said: “Since the Budget last October the Restaurants Association of Ireland has called for this extension as tourism and hospitality businesses, some of the worst impacted by COVID trading restrictions, continue to recover. This decision to extend the rate is welcome at a time when hospitality businesses face rising input costs and inflation.”
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