Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Irish restaurateurs urged to pass on savings from new 9% VAT rate

01 July 2011 by
Irish restaurateurs urged to pass on savings from new 9% VAT rate

Restaurants should pass on the savings from a new lower rate of VAT to customers, the Restaurants Association of Ireland has told its members.

The new 9% rate of VAT, which applies to goods and services related to tourism, comes into force in Ireland today. It is down from the previous rate of 13.5% and will apply until the end of 2013.

"This is a key development in the recovery of the restaurant industry in Ireland which has suffered at the hands of the recession. It shows the Government's commitment to helping the industry recover from the downturn it has suffered in recent years. The new rate is one step in building a more competitive market," the Association said.

Adrian Cummins, chief executive of the Restaurants Association of Ireland added: "We are very pleased the Government has taken those steps to reduce VAT rate with the aim of making Ireland more competitive to do business and attract more tourists to the country. This is the first step in the road to recovery in the restaurant sector in Ireland and we will continue to advocate for the abolition of the Joint Labour Committees and Sunday Premium Payments."

The Irish Restaurant industry employs 64,000 people (1 in 4 tourism jobs) and contributes €2b to the Irish economy each year.

Industry calls for cuts after Ireland drops VAT rate for tourism businesses >>

Ireland cuts VAT for hotels and restaurants to 9% >>

VAT - are you weathering the storm? >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking