Industry Research Reveals Very Challenging Operating Environment with 13.5% VAT Rate Taking a Serious Toll on Businesses 77% of hospitality business report a negative outlook for the next 12 months Food sales down 9% on average so far this year Operating costs across the sector up 16% 91% of hospitality businesses report a fall in […]
Hospitality businesses hit hard by drop in sales & increases in costs Read More »
Drinks industry says VAT reduction is now of âutmost urgencyâ to help pubs as delayed reopening threatens hundreds of businesses July Stimulus hailed by Government as âradical and far reachingâ and a âpackage of scale that can be deployed at speedâ must deliver specifically for pubs Governmentâs decision to further postpone pub reopenings will have
Worst year in the history of the pub trade Read More »
âEvidence based decision making rather than opinion is requiredâ Makhlouf scepticism on VAT rate reduction fails to consider the impact of a temporary VAT reduction on on-trade alcohol sales (in pubs, restaurants and hotel bars), according to the drinks industry Group seeks VAT rate reduction on sales of alcohol as temporary and targeted measure which
Drinks industry rejects Central Bank comments and calls for VAT reduction Read More »
VAT rate cut on alcohol sought as a temporary measure to help pubs survive until demand increases and consumer confidence returns in early 2021 â LVA, VFI and Ibecâs 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