But the tourism sector says the cut has helped to create tens of thousands of jobs. And Dalata CEO Pat McCann yesterday branded the report as "so imbalanced". "It never mentions anywhere what has actually happened as a result of the Vat reduction," he said and added that for 2018 the Vat take from the 9pc rate is "heading towards €1.1bn". Mr McCann, speaking yesterday as Dalata reported strong first-half results, said Dalata should not be a proxy for how the wider Irish hotel sector is performing. The group warned that if the Vat rate reverts to 13.5pc, it would cut its annual revenue figure by about 2pc.

Source: Irish Independent September 05, 2018 01:55 UTC