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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