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Ireland cuts VAT rate for COVID-hit hospitality sector

Tue, 13th Oct 2020 13:47

DUBLIN, Oct 13 (Reuters) - Ireland is to cut the value-added
tax rate paid by the hospitality sector to 9% from 13.5% to
provide relief to an industry badly hit by COVID-19 disruption,
finance minister Paschal Donohoe said in his budget speech on
Tuesday.

The government is also to provide firms severely hit by
specific COVID-19 restrictions, with grants of up to 5,000 euros
per week, Donohoe said.
(Reporting by Conor Humphries; Editing by Catherine Evans)

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