Family-run shops and cafés in Sligo set to feel impact of hospitality VAT reduction
The Sligo ChampionThis week’s reduction in VAT for small businesses in the hospitality, tourism and food industries from 13.5% to 9% will protect jobs and help businesses thrive according to Cllr Thomas Walsh.
Cllr Walsh said the reduction in VAT for hospitality will help businesses remain competitive, continue to create jobs and provide quality services in our local communities across Sligo.
Figures from the 2022 census reveal there were 244 food and beverage businesses in Sligo which employed 1,828 people.
Highlighting the significance of the VAT reduction, Cllr Walsh said, “There are around 20,000 restaurants, pubs and hotels across the country. They are in every town and village, like Sligo providing a great service for the community. Jobs in hospitality are vital for so many communities across Ireland, and we need to do all we can to protect them and our economy.
“This change will be felt on the ground; by our family-run shops, cafés and service providers who have worked hard through challenging times. It gives them space to reinvest, innovate, and expand.
Article Funded by the Local Democracy Reporting Scheme.