Case study: Comparing Tourism VAT in Northern Ireland and the Republic of Ireland
Eddie McKeever of McKeever Hotels Group operates both in Northern Ireland (Tourism VAT at 20%) as well as the Republic of Ireland (Tourism VAT at 9%). In the below post he shares his personal experience as to how the lower rate in the Republic of Ireland has helped his business invest in staff and establishments:
We are a family business that operates on both sides of the border. Having bought Dillons Hotel in Letterkenny just over a year ago, we have been surprised at the difference in the net earnings compared to our Hotels in the north. The 11% difference has meant that our margins are not squeezed as much and this has had many benefits both in terms of running a business and customer experience. The largest benefits we have found are:
Investing this heavily, in such a short space of time is not something we would have been able to do in Northern Ireland at the moment as margins are so tight it diminishes confidence to put the extra resources in with the fear of leaving yourself exposed.
Declare your support by sending this online postcard in 2 easy steps:
1Pick your chosen postcard image on the left
Flip the postcard, fill out your details and send!