Regional Group of TDs Call For Return Of 9% VAT Rate For Food Businesses

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Tipperary TD Michael Lowry, along with his colleagues in the Regional Group of TDs, are calling for the reduction of the current VAT rate of 13.5% to 9% for food businesses in the hospitality sector before Easter.

The group are also to put forward a Dáil Motion this week calling for changes to the 8.8% employers PRSI threshold saying a change to the ceiling wage for this rate to €495.30 per week would be a lifeline for many businesses. 

The motion also calls on the Government to immediately establish a Task Force to review the application of all Government controlled costs and to reduce Government charges and costs of doing business.

The Regional Group members are calling on the Government to address these business issues now before additional closures occur in the hospitality, retail, travel, food, drink, tourism, and entertainment sectors.

The Regional Group of TDs are supporting Small and Medium Enterprises in recognition of the vital role that these businesses play in the local economy and community.

A Government Grant Scheme – Increased Cost of Business Grant(ICOB) is currently being rolled out by local councils.

The scheme offers a once of grant with a maximum of €5,000 available for ratepayers with rates liability of up to and including €30,000.

The funds will be issued by Councils before the end of March subject to the business operator confirming their bank details and that the business is still in operation.