The anticipated tariffs from Trump are expected to reach 15%, resulting in substantial economic repercussions. The reduction in VAT for the hospitality sector, originally projected for immediate implementation, is postponed until July 2026 to allow for other tax cuts. Earlier statements from Finance Minister Paschal Donohoe suggested that this VAT change would absorb a large portion of next year's tax package, but recent developments indicate that this may not be the case.
The €1bn reduction in VAT for the hospitality sector is to be delayed until July 2026, aimed at allowing ministers room for other tax cuts.
Comments from Finance Minister Paschal Donohoe earlier indicated the VAT change would consume two-thirds of next year's tax package, which is now seen as incorrect.
Collection
[
|
...
]