People involved in the tourism and hospitality industry across the West will welcome reports that the  9% VAT rate for the sector is to be extended, under plans to be approved by Cabinet this morning.

The measure was due to expire at the end of August.

It's understood the Finance Minister Paschal Donohoe discussed the matter with coalition party leaders last night and will bring a memo to Cabinet this morning, outlining the details of the extension  - amid speculation it could stay in place until the end of the year.

The lower VAT rate was introduced following intense lobbying from the hospitality and restaurants sectors in 2020 when the country was in the grips of the Covid-19 pandemic. The measure was also extended by the Government in the budget in 2021

 

 

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