Finance Minister open to reviewing increased tax rate on the tourism sector

The Finance Minister says he would be open to reversing the increased tax rate on the tourism sector if there’s another economic downturn.

Minister Paschal Donohoe was in Kerry this morning and told Radio Kerry News he is aware of the challenges the hike has created in the county.

The VAT rate for the services and hospitality industries was raised from 9% to 13.5%.

The increased rate has caused concern in the tourism and hospitality sectors in the county, with many saying it is costing jobs.

Members of the South and West Municipal District have previously called on the minister to meet them to discuss the impact it will have on the local economy.

The Finance Minister says the VAT rate is something he is willing to keep under review.

 

Minister Paschal Donohoe praised Minister for Tourism Brendan Griffin for his work in promoting Ireland and Kerry as a tourism destination.

He says the economy is going well in Ireland and says he will work with Minister Griffin to ensure Kerry has the support it needs.