VAT rate for the hospitality sector returns to 13.5% this month.
The tax for this sector was cut to 9% to stimulate the tourism industry in 2012, but will now be restored from 1 January as part of Budget 2019.
The impact of the measure will mainly be seen on hotels, other short-term guest accommodation providers and restaurants.
However, it will also apply to other areas businesses, including cinemas, theatres, hairdressers, museums and art galleries.
More information on Budget 2019 changes can be found on our website here.
For expert advice on accounting, auditing and taxation services please contact us at McEvoy Craig