The Government’s decision to extend the lower VAT rate for the hospitality sector until next year is a very welcome development, according to the General Manager of the Breaffy House Resort in Castlebar, Wilson Bird.
The 9% lower VAT rate, which was due to expire at the end of August, will now run until 28 February 2023.
Wilson says it provides certainty in the market both for businesses and their customers.
The 9% VAT rate was introduced in response to the challenges posed by Covid-19 to support the hospitality sector and, according to the Minister for Finance, Paschal Donohoe, the Government has today decided to extend the period when the 9% rate will apply.
Minister Donohoe says the lower VAT rate will help lay the foundations for a full economic recovery in the sector as these financial supports are wound down.
Breaffy House Resort is also the temporary home for a large number of Ukranian refugees at present.
Midwest News Editor Teresa O’Malley began by asking Wilson about today’s VAT announcement, and then enquired about how the Ukranians are adapting to their new environment...