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Fears more local businesses may close over VAT rate episode artwork

EPISODE · Feb 13, 2024 · 2 MIN

Fears more local businesses may close over VAT rate

from Ocean FM News Reports

There are fears that more local restaurants and cafes will close if the Government doesn’t step in.Many have already shut their doors permanently across the region due to a number of factors including rising costs, the increase in VAT rate and lack of tourist accommodation.Finance Minister Michael McGrath last week signalled that the 13.5% VAT rate for the hospitality sector wouldn’t be revisited.But Sligo Leitrim Independent TD Marian Harkin believes that it has come to a stage where an urgent review is needed.

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Fears more local businesses may close over VAT rate

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How long is this episode of Ocean FM News Reports?

This episode is 2 minutes long.

When was this Ocean FM News Reports episode published?

This episode was published on February 13, 2024.

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There are fears that more local restaurants and cafes will close if the Government doesn’t step in.Many have already shut their doors permanently across the region due to a number of factors including rising costs, the increase in VAT rate and lack...

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