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RAI Says New Revenue Measures Are Not Enough To Help Hospitality Sector

Published on Mar 16 2020 9:30 AM in Restaurant tagged: Trending Posts / Restaurants Association of Ireland / RAI

RAI Says New Revenue Measures Are Not Enough To Help Hospitality Sector

The Restaurants Association of Ireland (RAI) has said that new measures announced by Revenue don't go a fraction of the way towards helping businesses, especially the tourism and hospitality sector.

RAI CEO Adrian Cummins stated, "Currently, thousands of workers are being laid off as we speak. A specific aid package for the tourism and hospitality sector needs to be in place by Monday [March 14] morning."

RAI Emergency Demands

The RAI's emergency demands are:

  • immediate reduction of the VAT rate to 9% for tourism and hospitality businesses for a minimum period of six months;
  • Irish banks must defer loan repayments for at least six months;
  • Revenue must introduce a moratorium on VAT payments;
  • and employer PRSI must be halved to support employers.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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