A reduced 9% Vat rate was introduced to help support the hospitality sector during the pandemic.
Hospitality business owners will be paying more VAT come February.
A discounted 9% rate will rise to the pre-pandemic level of 13.5% next year.
Finance Minister Paschal Donohoe has said the hospitality sector has to play its part in offering the best value for citizens and tourists after it emerged the Government is expected to increase the special 9% Vat rate in the budget.
In recent weeks, Mr. Donohoe said he was “disappointed” to see some examples of prices going up, especially when major events were happening in Dublin and tourists were experiencing high costs.
He said “we all have to play our part to try offer the best value to those holidaying at home, eating out at home”, and tourists coming to the country.
A reduced 9% Vat rate was introduced to help support the hospitality sector during the pandemic.
However, Mr Donohoe is now adamant this emergency measure be reversed and a full return to the 13.5% rate in the budget is expected to be announced.
Tánaiste Leo Varadkar says they'll monitor the impact of the new VAT rate in the coming months:
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