Financial Provisions (Covid-19) (No. 2) Bill 2020: Committee Stage (Resumed) and Remaining Stages
Seanad Éireann — 2020-07-30
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Sean Fleming (FF), Laois-Offaly

We discussed this earlier. The VAT changes in the Bill are economy wide. We did not pick a particular sector to reinstate the 9% rate. There are a number of other elements in the stimulus package that can help businesses in the hospitality sector. This is just one aspect of the overall July stimulus package we are dealing with. The approach was to give this VAT reduction across the board in the entire economy rather than doing it sector by sector. If we were to start identifying sector by sector to try to gauge the impact we would not have the legislation here today. We took the broad view to give the reduction on an entire economy basis on this occasion and not go down the road of just the hospitality sector or a reduction to 9%.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2020-07-30/debate/main
Retrieved: 2026-08-14T04:48:30+00:00
Sitting date: 2020-07-30