‘VAT increase will close businesses’

The Restaurant Association of Ireland has slammed the Government’s decision to increase the 9 per cent VAT rate to 13 per cent, claiming the move will lead to the closure of businesses across the country.

The Chief Executive Restaurants Association of Ireland of the Restaurants Association of Ireland, Adrian Cummins, said: “The increase is wrong at a time when the country needs to reduce inflation. The Government needs to restore 9 per cent rate and we will be making the case for this when we meet with the Minister for Finance next week. The increase is the final nail in the coffin for many small cafes, restaurants and food led pubs”.