Press releases

VAT reductions for tourism and hospitality sectors welcomed

Budget 2021

Commenting on the planned reduction in VAT rates for the tourism and hospitality sector, Vincent McCullagh (tax partner in Deloitte) noted:

The announcement of a reduction in the rate of VAT from 13.5% to 9% for the tourism and hospitality sector will be a welcome development for those businesses that have experienced significant downturns as a result of COVID19 restrictions. The reduced rate will run to December 2021, to give affected businesses the greatest chance of reaping the benefits of the measure. We would welcome this reduction in the rate of VAT for such badly affected sectors.

For Further Information Please Contact

Aoibheann O’Sullivan
087 629 1453 

Fiona MacCarthy
086 825 0027

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