Government last year ended a special 9 per cent VAT rate for hospitality businesses, increasing the tax to 13.5 per cent. According to the industry lobby group, Restaurants Association of Ireland (RAI), 577 restaurants have closed in the 11 months since September 2023 when VAT increased. ...
Rose's house is like a small hotel. It is called a bed and breakfast or B&B for short. The name of Rose's B&B is Suits Us. Rose and her husband have joined a growing number of people who are operating B&Bs in their homes. B&Bs offer the charm, comfort, and hospitality that i...
Despite participating in a budget back in October, in which no VAT cut was announced,Fine Gaelhas promised a rate cut for hospitality from 13.5 per cent to 11 per cent – a sort of halfway house on the rate of 9 per cent that applied post-Covid for a time, adding th...
or IGIC). The general rate is 7%, and there are five other rates ranging from 0% to 20%.The law regulating the IGICis much newer than the law for IPSI, having been passed in 2012.
Portugal introduced a special refund regime for conference organizers: allowing almost 100% of hospitality expenses to be VAT refundable. Previously, companies could only deduct up to 50% of expenses for venue, food, accommodation etc. Read more ...
- XI International Conference "service Sector in Terms of Changing Environment"ohrid: Faculty of Tourism & Hospitality 被引量: 2发表: 0年 A review of policy levers to reduce meat production and consumption It is increasingly apparent that we require a substantial reduction in animal production and...
VAT tax and codes can change over time and with changes in tax regulation. During the recent COVID pandemic, VAT codes and tax for restaurant and hospitality services were decreased to 5%, then up to 12.5% before returning to the standard tax rate. ...
Water used for irrigation or food for humans or animals Hospitality services (hotels, bars, etc.) Any product used to produce food for humans or animals (animal feed, etc.) Utilities such as electricity, natural gas, and any biofuel
For businesses, the VAT reduction offers significant relief by lowering the overall tax burden, therefore improving cash flow and profitability. This change is particularly beneficial for sectors hardest hit by economic downturns, such as retail, hospitality, and manufacturing. Businesses can reinv...
The article focuses on the benefits which the hospitality industry of Ireland had following slash in value-added tax (VAT) rates. It informs that the Irish government announced a reduction in VAT rates from 13.5 percent to nine ...