Hospitality VAT reduction will not support 3,500 non-food serving pubs closed across the country
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2020Access:
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Licensed Vintners Association, Vintners Federation of Ireland, Drinks Ireland, 'Hospitality VAT reduction will not support 3,500 non-food serving pubs closed across the country', [other], Licensed Vintners Association, 2020Download Item:
Hospitality VAT reduction_2020.pdf (PDF) 101.6Kb
Abstract:
VAT rate cut on alcohol sought as a temporary measure to help pubs survive until demand increases and consumer confidence returns in early 2021 – LVA, VFI and Ibec’s Drinks Ireland. Hospitality VAT rate cut will deliver nothing for the 3,500 closed pubs that do not serve food. VAT cut must be extended to VAT on on-trade alcohol sales in pubs to support all hospitality businesses. A reduction in the VAT rate on on-trade alcohol is an administratively simpler way of getting money to where it is needed (businesses) rather
than through complex schemes. Today, only €89m of the €250m available in the Government Restart
Grant has been utilised. 23% VAT on alcohol already high by EU standards. This temporary measure would deliver an immediate cash support to a huge network of small regional businesses - the stated ambition of
government in delivering a July stimulus package. Drinks Ireland: 'The government has indicated this week that their focus is on businesses and implementing measures that will make businesses impacted by Covid viable. A VAT rate reduction on the on-trade sales of alcohol specifically will deliver that'.
Corporate name:
Licensed Vintners AssociationVintners Federation of Ireland
Drinks Ireland
Publisher:
Licensed Vintners AssociationCorporate name:
Licensed Vintners AssociationVintners Federation of Ireland
Drinks Ireland
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Licensed Vintners AssociationType of material:
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Covid-19, Coronavirus, Pubs, Hospitality, Government of Ireland, VAT rateThe following license files are associated with this item: