New reduction in 13.5% VAT rate to 9%

Dear readers

Apologies for not posting in an age but am back in action again.

Good news for our colleagues in the hospitality sector amongst others. The VAT rate is being reduced to 9% from July 1 until end of the year when it will revert back.

Presumably they will then make a call on whether it was a worthwhile move.

You can read all about it here: http://www.revenue.ie/en/practitioner/ebrief/2011/no-372011.html

Regards

numberCruncher

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