9 reasons why 9% matters
28 July 2017
BDO and The Irish Tourism Industry Confederation (ITIC) define 9 reasons to retain the 9% VAT rate.
The Irish Tourism Industry Confederation (ITIC) represents the leading tourism interests throughout the country. Tourism is at a key juncture with certain markets performing solidly but with a sharp decline in Ireland’s largest source market, that of Great Britain.
This is direct result of the impact of Brexit, consumer uncertainty, and sterling’s devaluation. In that context, decisions taken in Budget 2018 will be vital and in particular the need to retain the current 9% tourism VAT rate.
ITIC has worked with BDO, one of Ireland’s leading advisory firms, to define 9 reasons to retain the 9%.