Nolan criticises high VAT rate ahead of forthcoming budgetIndependent TD for Laois Offaly Carol Nolan has said there is an "absolutely compelling and irrefutable case for the reintroduction of the 9% VAT rate for the hospitality, retail, hairdressing and food led-services sectors in the forthcoming Budget." Nolan has been consistently engaging with The Restaurants Association of Ireland (RAI) on the issue, and has previously warned Government that the economy faces the spectre of continuous rolling closures if the lower VAT rate of 9% is not reintroduced. Nolan said: “The latest data I have received from the RAI clearly and persuasively demonstrates the need for a guaranteed reintroduction of the lower VAT rate. “755 of these businesses are in Offaly, with tax debts of €11 million while in Laois there are 775 businesses with €12 million in warehoused debts. “If Government cares at all about offering a light at the end of this particular tax tunnel, then it needs to signal, clearly, immediately, and unequivocally that it will lower the VAT rate to 9%,” concluded Deputy Nolan.

Source: Irish Independent August 08, 2024 16:04 UTC