Reaction: Businesses mixed on budget as hospitality groups criticise end of 9% Vat rate

Businesses have offered mixed reactions to a package of measures in Budget 2023, with industry groups welcoming new energy supports and hospitality groups criticising the end of the special 9 per cent Vat rate.

Paschal Donohoe, the Finance Minister, announced the introduction of the Temporary Business Energy Support Scheme today to assist businesses with their energy costs over the coming months.

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Hospitality VAT rate to return to 13.5% next yearThe 9% VAT rate for hospitality will remain in place until the end of February 2023, with Minister for Finance Paschal Donohoe holding firm on the decision to return the rate for hospitality to 13.5% next year Good no sympathy for those greedy hotels who ripped us off this year Hospitality is one of the main things that hold the social fabric of Ireland together. Once locals, favourite watering holes, and other grassroots social places start closing - they will be facing a very disgruntled public. Good luck to us all (Except for the taxman).
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News publishers welcome zero VAT rate as ‘tax on information’ endsScreen industry hails extension to Section 481 tax credit as Government hints at new incentives for unscripted production via IrishTimesBiz Who the hell reads newspapers Its 2022 and the media are full of lies
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Editorial: Vat rate cut is vital to support a core pillar of any functioning democracyNewsBrands Ireland estimates the cost to the exchequer of a zero per cent Vat rate on newspapers will be around €18 million, which is a relatively small investment by the government to support the industry
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