A cut in the 13.5 per cent VAT rate is being examined as part of the new Government’s July stimulus package to boost the economy after the coronavirus restrictions. Consideration of what will be in the plan is “embryonic”, but well-placed sources said a reduction in VAT was being “examined”. Tourism and hospitality groups have called for another VAT cut to help the sector recover from the economic fallout of Covid-19. Wage subsidy schemeAnother issue to be examined as part of the July stimulus plan is the future of the wage subsidy scheme which sees the State contribute to the earnings of hundreds of thousands of workers. Limerick City TD Willie O’Dea became the latest party figure to criticise Mr Martin over the junior ministerial appointments made earlier this week.

Source: The Irish Times July 02, 2020 16:07 UTC