VAT rate cut on alcohol sought as a temporary measure to help pubs survive until demand increases and consumer confidence returns in early 2021 – LVA, VFI and Ibec’s Drinks Ireland Hospitality VAT rate cut will deliver nothing for the 3,500 closed pubs that do not serve food. VAT cut must be extended to VAT […]
Economist Anthony Foley authors report on impact of Covid-19 on the drinks industry and analyses the effect of a reduced VAT rate on on-trade alcohol sales Report concludes that consumer demand will be lower after lockdown due to higher unemployment and reduced earnings while it will likely be 2023 before we reach pre-Covid labour market
More than 60% of pubs outside of Dublin remain closed Campaign set to demonstrate the loss that would be felt should some pubs not reopen Publican groups and drinks industry convene to seek VAT policy change to lessen the struggle for pubs, as reduced capacity and demand and zero tourism will leave some trading at