Sinn Féin European election candidate Matt Carthy has said his party is supporting the campaign to retain the 9% VAT rate for food and tourism services into 2014 and beyond.
Speaking today Councillor Carthy said;
“The 9% VAT rate for food and tourism services has been a success with an increase of approximately 9,000 jobs in the sector. This has obviously had a knock on effect for other businesses and local economies.
“It is important that this success is allowed to continue and grow as the state continues on the path to economic recovery.
“We have seen the negative impact on local economies when Fianna Fáil and Fine Gael governments have increased VAT rates in the past. To return the VAT rate for food and tourism services back to the 13.5% rate would be a devastating blow to the industry that would halt any modest recovery currently taking place.
“For this reason Sinn Féin is happy to support the campaign to retain the 9% VAT rate for food and tourism services into 2014 and beyond.”