Its crunch time for Ireland’s hospitality sector
We can make decisions that will allow hospitality to flourish or sleepless nights for business owners continue.
For me the choice is simple. Split the VAT rate within hospitality. Reduce the VAT for food lead businesses to 9%.
The restaurant business in Ireland is facing a crazy battle to survive in 2024 by costs forced on us…Why ??
We are the country with the céad míle fáilte , love looking after our customers and visitors alike and will continue to do so because that’s what we are good at doing!
🚨Case Study - Cost of Business Increases for Restaurants and Food Led Businesses in 2024
Based on a €1m food sales turnover , Restaurants, Cafes, Gastro Pubs and Food led businesses will face and extra €100,000 extra costs in 2024 from vat increase, wage inflation, PRSI increase, pension auto enrolment, insurance, bank interest rate increases, supplier cost rises and insurance increases.
This will be the tipping point
for thousands of food led low margin businesses
And we haven’t factored in warehouse tax repayments
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Neither can I , call it stupid ?Irish Restaurant operators will collect 66% more VAT from our customers than e.g Spain on behalf of the the Irish State .. madness !!
I don't understand the government's logic. Vat increase will make hospitality industry more expensive when we're already experiencing crazy inflation from energy to wages. What is the future of Irish food? #nocountryforSMEs
https://t.co/PrAuqoIluO
Bad for our customers and tourists who are facing a price increase of €1-€2 on main courses on 1st Sept. resulting from 50% vat hike .Bad for economy, hospitality industry, and general sentiment .We need customers to keep visiting us regularly.. Major OWN goal by government..
Vat Rat - @drivetimerte interview
Adrian Cummins from the Restaurant Associations talks about VAT rate. Just under a month away from the lower 9 % VAT rate for the hospitality sector, ending the rate, which applies to Hotels, Restaurants, hairdressers and more was introduced during the middle of the Covid 19 crisis.
https://t.co/XBCW10Y599
State induced inflation in the Hospitality industry leaving us uncompetitive for both inward tourism and domestic customers who will choose to go abroad rather than holiday at home..a massive blunder !
More pain for hospitality sector as 9% VAT rate to be axed
The industry has extensively lobbied for a retention of the 9% rate, which was introduced by Government during the first Covid-lockdown in 2020 to ease the financial burden on struggling businesses
https://t.co/rMgK5Mal4U
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Increasing the 9% VAT rate on dining at a time of high inflation will close cafes,restaurants & pubs that are viable in normal circumstances. Ireland is becoming a very hostile environment for small businesses. @Paschald @mmcgrathtd https://t.co/ifYffFWPFz
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Protocol 1945 style in the Irish Sea . Kerry Bull and Heifer required to be inspected at port by Stormonts ministry of Agriculture #NorthernIreland#Protocol
Riddle me this: if the DUP never signed or supported the Good Friday Agreement, why do they now want to rip up the Northern Ireland Protocol, in the name of protecting the Good Friday Agreement? Protecting an agreement they never supported or signed. Interesting.
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