Michael Magner, owner of Vienna Woods Hotel in Cork and president of the Irish Hotels Federation warned that many food operators could go out of business before July.
Many food businesses will not survive until the VAT rate is reduced to 9 per cent as “one measure cancels out the other”, hospitality business owners have warned.
The long-awaited Budget 2026 announcement to reduce VAT on restaurants, food-serving businesses and hairdressers from 13.5 per cent to 9 per cent has been met with concern from business owners.
The measure – which will cost €681 million in its first full year – will be come into effect on 1st
Continue Reading on The Irish Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.