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Business Group Calls For Retention Of 9% VAT Rate

Business representative group IBEC says the VAT and employment supports afforded to the hospitality sector must be extended.

IBEC says a reversal of the 9 percent VAT rate to 13.5 percent would cost 10 thousand jobs and undo much of the employment recovery seen over the past year.

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The group says the reduced VAT rate and lower employer PRSI for those on a low wage has worked and should be continued.

Clare tourism representatives have been among those lobbying for the rate to be maintained.

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