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Price Gouging From Some Hoteliers Will Be A Factor In VAT Decision - Donohue

The Finance Minister says hotels have undone some of the good work to support them by price gouging....
Tom Douglas
Tom Douglas

2:11 PM - 19 Sep 2022



Price Gouging From Some Hoteli...

News

Price Gouging From Some Hoteliers Will Be A Factor In VAT Decision - Donohue

Tom Douglas
Tom Douglas

2:11 PM - 19 Sep 2022



The Finance Minister says hotels have undone some of the good work to support them by price gouging.

Paschal Donohoe says the high prices charged by hotels this summer will factor into his decision on whether to keep tax breaks for hospitality.

With little over a week to go until the Budget, Ministers and lobby groups are making final pitches for funding from the Department of Finance.

But the hotel sector may have blotted its copy

Minister Paschal Donohoe very unhappy with the massive fees some hotels have been charging over the summer:

"I do really regret, really regret, what has happened over the last number months."

"We have seen pricing, that I believe has undone some of the good work that happened when our hotels in particular were re-opening."

That could mean tax breaks on VAT for the hospitality sector could be set to end after the budget.

Rotating Finance Minister?

Elsewhere there is a lot of focus on whether this will be Paschal Donohoe's last budget as Finance Minister

Amid a row over whether Michael McGrath will take over the role in December, Donohoe says he has only one focus

"What will happen is the party leaders will work on this matter, and will make a decision in relation to it."

Minister Donohue says he and Michael McGrath are fully focused on completing the budget.

Eight days out from that budget plenty of key meetings will take place this week



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Budget Budget 2023 Hotels Michael McGrath Paschal Donohue Price Gouging

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