Dáil Éireann Debate, Tuesday - 6 December 2022
174. Deputy Violet-Anne Wynne asked the Minister for Finance if he has given any consideration to extending the 9% tourism VAT rate beyond 2025, in respect of the deepening cost-of-living crisis; and if he will make a statement on the matter. [60334/22]
View answerAs the Deputy will be aware, the 9% rate for the tourism and hospitality sectors was reintroduced in Budget 2021 from 1 November 2020 to 31 December 2021 at an estimated cost of €401m. This measure was initially extended in Budget 2022 to 31 August 2022 at a further estimated cost of €251m. It was then extended again for another six months until 28 February 2023 at an additional estimated cost of €250m. This was done to provide further support to the tourism and hospitality sectors over the busy November/December period and into the early New Year.
No further extension to this measure is envisaged so the rate which applies to these sectors will revert to 13.5% from 1 March 2023.
