The VAT increase for the hospitality sector has been described as “madness” by one restaurant owner.
The Restaurant Association of Ireland has warned the VAT increase could lead to thousands of job losses in the sector and Aisling Kelly, who owns Sligo Oyster Experience, said she could not understand the logic behind the move.“Because even the Government will see my Revenue returns, how businesses are doing, and they’re blaming a few hotels that are doing well and basing it on the rest of the country.
One potential reason is that many hotel beds are being used by Ukrainains and Lorna Feeney, who owns Austies Pub & Restaurant in Rosses Point in Sligo, said it has been a difficult few months.“A big challenge for us this season is the lack of bed nights; our local hotel, we’ve lost that bed supply.“So, that has really hit our night trade.”
Before the pandemic, tourism was worth an estimated €5.6 billion to the Irish economy and generated €1.8 billion in revenue for the Government.
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