Tourism minister Brendan Griffin says now would be the “worst time” to change the VAT rate for the hospitality sector, after the number of UK tourists has dropped on the b
ack of currency swings.
Speaking at the Failte Ireland launch of its 'Get Brexit Ready' programme which aims to provide industry supports to businesses struggling with the loss of trade created by Brexit, Minister Griffin said
"you need to keep all of your taxation policy under constant scrutiny and review but certainly I don’t see a need at the moment for changing it and if anything it would be the worst possible thing to do at the worst possible time in my opinion".
"It was a massive stimulus for the entire industry when it was introduced in the mini budget in 2011 as a temporary measure and some people have said that it has done its job, I would maintain that it is doing its job and I would certainly feel that it has a major role to play in the future, particularly in the context of Brexit. I will certainly be fighting very hard to see that retained," the Minister said.