9% Reduced VAT rate set to be extended

9% Reduced VAT rate set to be extended

by | May 10, 2022 | General

In 2020, the hospitality sector received a welcome boost with a reduced VAT rate of 9% to assist due to significant losses incurred during the pandemic. The 9% rate applies to supplies of goods and services in the tourism and hospitality sector and also includes...
VAT Rate reverts to 23%

VAT Rate reverts to 23%

by | Mar 1, 2021 | General

From today, 01st March, the vat rate will revert back to 23%. Due to the pandemic, the VAT rate was reduced to 21% for 6 months. Unfortunately, the Government have confirmed this will not be extended and from 01st March, businesses need to now apply the 23% rate to...