Search Results for 'Value-added tax'

An Oughterard family business could have been saved from closure by a reduction in the rate of VAT charged to food and hospitality businesses, Galway West TD Noel Grealish told the Dáil last week.

The Minister for Finance, Jack Chambers, and the Minister for Public Expenditure and Reform, Paschal Donohoe, presented the fifth Budget of the coalition Government on Tuesday.

From an economic perspective the outlook for the Galway hotel sector remains positive. The latest Irish labour market data show all-time high employment of 2.71 million across the economy while average weekly earnings grew by 4.6 per cent compared to the same period in 2022, both of which supports the outlook for leisure spending in the county.

Local Independent Deputy, Denis Naughten, has called for VAT and PRSI rate reductions to be introduced before Easter to offer a lifeline for business within the region.

Local TD Noel Grealish has called for reductions for VAT and PRSI rates for businesses to be introduced before Easter to offer a lifeline for businesses.

The Minister for Finance, Michael McGrath, and the Minister for Public Expenditure and Reform, Paschal Donohoe, presented the fourth Budget of the coalition Government on Tuesday. This Budget was framed against a backdrop of the ongoing war in the Ukraine, concerns about persistent inflation and the perceived windfall nature of corporation tax receipts.

I am writing on behalf of Galway hotels and guesthouses, representing 88 local businesses, to highlight our growing concerns about plans in September to increase consumer taxes on Irish hospitality and tourism.

A new survey by Kroll risk and financial advisory solutions has revealed fresh fears that restaurants and other businesses in the hospitality sector may be forced to close in the coming 12 months as a result of inflationary and staffing pressures.

Galway hoteliers have welcomed the Government’s decision to extend the nine per cent tourism VAT rate and reform the energy support scheme for businesses.

Westmeath hoteliers have welcomed the Government’s decision to extend the 9% tourism VAT rate and reform the energy support scheme for businesses.