Hospitality sector's 9% VAT rate unlikely to continue
on 20/09/2013 18:58:05
Michael Noonan says the special 9% rate introduced two years ago probably won't be renewed at the end of the year.
He says Ireland has lost out on €360m of VAT revenue as a result of cutting the rate for restaurants, pubs and tourism related industries.
He told the Dáil that he'll need to find more money from other sources if the VAT rate is to remain in place.