Wednesday, 20 May 2020
Department of Finance
VAT Rate Application
48. To ask the Minister for Finance his plans and proposals to assist businesses especially in the tourism sector in respect of re-examining the VAT rate for the tourism area; and if he will make a statement on the matter. [5719/20]
The Government is fully aware of the unprecedented impact that the coronavirus is having on business and people’s livelihoods. In this regard a range of measures have been introduced to provide income support to those who need it while also giving confidence to employers to retain the link with employees so that when this crisis passes - and it will pass – our people can get back to work as quickly and seamlessly as possible.
In addition to current support measures, my officials are examining a range of possible measures to ensure that the economy is in a position to recover rapidly while maintaining a stable tax base.