Irish finance minister says that tourism and services sector VAT wouldn’t be changed

Published on : Wednesday, October 11, 2017

Irish finance ministerThe Irish Minister for Finance Paschal Donohoe has said that the VAT rate of 9% on the tourism and services sector will not be changed.

 
Mr. Donohoe said that while there is still a lot of uncertainty about the outcome of the Brexit process, tourism continues to be a” national success story”. He said that one clear impact of the Brexit vote in the UK has been a continuing weakness in the value of sterling.

 
He stated, “While I note that prices in Dublin continue to rise, I have said before that VAT policy cannot be decided on the basis of one location only but in the context of the national interest.”

 
The minister said that he would be allocating a total of over €2 billion in total funding for the Department of Transport, Tourism and Sport in 2018.

 
This includes €112m for funding to enhance further the country’s tourism offering and market the country abroad. Ireland will also open new resident diplomatic missions in Chile, Colombia, Jordan, Vancouver and Mumbai as part of the Government’s overall Budget 2018 package.

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