Inside Business podcast with Ciarán Hancock
The hospitality sector is set to see the current reduced VAT rate of 9% go back to 13.5% at the end of August. Photograph: iStockWith the temporary 9% VAT rate for hospitality set to return to 13.5% at the end of August, what impact could that have on a sector still finding its feet post-pandemic?
Ciaran Hancock gets some insights on the multitude of challenges facing the sector from hotelier Lorraine Sweeney and chef & restaurateur JP McMahon – challenges that already include rising food prices, huge electricity bills, and a staffing crisis across the sector. Plus, Irish Times Political Correspondent Jennifer Bray on the likelihood of government extending the 9% VAT rate, and what opposition parties have to say about it.
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