The restoration of the 13.5 percent VAT rate on hotels, restaurants and hairdressing was necessary in yesterday’s budget, according to the Minister for Rural and Community Affairs Michael Ring.

 Minister ring says the reduction of the VAT rate to 9 percent for this sector was introduced in 2011 as an emergency measure, and he said it was sustained for 7 and a half years, but in light of the booming tourist numbers it has had to be restored.

It was costing the exchequer over 2 billion euro and he insists that money is now required in education, social welfare and other areas.

Minister Ring told Midwest News today why the 13.5 percent VAT rate has been restored across the hospitality sector.

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