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

By Dave Simpson
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.

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