Written answers
Thursday, 16 July 2020
Department of Finance
Value Added Tax
Brendan Smith (Cavan-Monaghan, Fianna Fail)
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63. To ask the Minister for Finance if he is considering a reduction in VAT on the hospitality and tourism sector in view of the adverse impact of Covid-19 on the sector; and if he will make a statement on the matter. [16278/20]
Paschal Donohoe (Dublin Central, Fine Gael)
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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 our people can get back to work as quickly and seamlessly as possible.
This Government is currently preparing a the July stimulus package which will set out supportive measures for a wide range of sectors including the hospitality and tourism sectors to ensure that the economy is in a position to recover rapidly while maintaining a stable tax base. Details of the July stimulus package will be announced by Government shortly.
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