McDonald’s Irish franchisees will share a tax windfall of just shy of €20 million a year under the new VAT rules. Photograph: iStock
Highly profitable multinational fast-food operators stand to be the big winners from Budget 2026.
The Government followed through on a commitment to cut the rate of VAT for food and catering businesses – as well as hairdressers – to 9 per cent from 13.5 per cent in Budget 2026.
The measure is expected to cost the exchequer €681 million in a full tax year, almost €300 million more than the next most expensive tax cut announced by Minister for Finance Pascha
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