The Ballymore Inn
@Ballymore_Inn
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Joined November 2022
Have your say. Please support this message by sharing it. @Paschald @jackfchambers
'Vast majority fear for the future of our restaurants' New Amárach Research polling in today’s Irish Daily Mail: - 89% say cafés, pubs and restaurants play a key role in local communities - 75% are concerned by the prospect of chains replacing independent hospitality
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Reinstatement of the 9% VAT rate for small, independent restaurants, cafés and pubs must be top of new Minister for Finance’s agenda The Restaurants Association of Ireland has this afternoon welcomed the appointment of @JackFChambers as Minister for Finance. Deputy Chambers has
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All across the country, the survival of Ireland’s small, independent restaurants and cafés - the heart of so many communities - has become a major election issue. The reinstatement of the 9% VAT rate for food-led businesses is the only way our industry can become viable again.
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Update - 9% Vat Businesses reiterate demand for Vat cut after Michael McGrath’s Revenue debt warehousing tweaks The Restaurants Association of Ireland @RAI_ie said that the updated debt warehousing scheme would “not ensure long-term viability for the food-led hospitality
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🚨Warehouse Tax While we welcome the intervention by Minister @mmcgrathtd regarding warehouse, it helps 400 restaurants who owe over €50,000 to @RevenueIE The Minister must move on reducing the 13.5% vat rate for Food led Businesses plus a meaning support package for Food
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🚨Update - Closure of Food Led Businesses Tomorrow I will be raising again the issue of escalating Closures of Food Led Businesses with Ministers @simoncoveney & @cathmartingreen as part of the Tourism & Hospitality Forum Government support is required urgently to Rescue a
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Minister @simoncoveney - the factors relating to this closure and like every other business that has closed down………….and more to come are - Vat increase to 13.5% Wage inflation Increase in supplier costs. A rescue plan for Hospitality is required with immediate effect.
Very sad news. Nash 19 has been an institution in Cork for many years. I spoke with Claire this morning to discuss the factors leading to this difficult decision.
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🚨9% Vat An increase in vat for Restaurants, Cafes, Pubs and Food Service on 1st September means the following Government Win ✅ Customers lose ❌ Businesses lose ❌
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🚨New Report by @CroweIreland & @Failte_Ireland •Ireland’s temporary 9% VAT rate, for food (in a restaurant) ranks in the lower half of countries illustrated. A 13.5% rate would put us in the upper half. •Our VAT rate for alcoholic beverages is amongst the highest in the EU
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🔴9% Vat Rate In 2018, the Government at the time announced a vat rate hike to 13.5% for Hospitality based on a Department of Finance forecast of an extra €550m in 2019. Fact is the dividend was €241m for 2019 pre COVID as per Revenue.
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Vat 9% The consequences of increasing the vat rate are immense !! ⬇️⬇️
@sidkearney @adriancummins @RAI_ie €10,000 vat repayable becomes €15,000 at the same time Electricity prices trebled, Insurance near enough doubled, Gas doubled, Food, Beverages all up significantly, the risk is very real. Would put a typical family of 4 meal up minimum €2, and obviously that will affect sales.
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Restaurants in Rural ireland will be decimated if the VAT rate goes back to 13.5%.Lots can hardly open throughout towns with rising costs.This will lead to closures and job losses. Now is not the time. We need recovery and growth - not inevitable price hikes within industry.
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🚨Low margin businesses like Restaurants, Cafes and Gastro Pubs will suffer the worst from an increase to the 9% vat rate. Emery, cost of business crippling Biz 🚨1 in 5 restaurants face closure if the rate reverts to 13.5% on 1 March 🚨Support your local Hospitality Business
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🚨1 in 5 Restaurants face closure it 9% vat rate increases at the end of February 🚨Energy & Cost of Business crippling Low margin Restaurants, Cafes and Gastro Pubs
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🚨Top 5 issues for the Hospitality & Restaurant Sector in 2023 ➡️Cost of Energy ➡️Inflation regarding Business Costs ➡️Retention of 9% Vat for Restaurants & Food Service ➡️Staff Shortage ➡️Warehouse Tax
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