author_orbitax
Orbitax

Share This Article

Northern Ireland Looking to Take Advantage of Brexit with Reduced VAT Rate

24 March 2017

|

Proposed Changes

|

United Kingdom

The Northern Ireland Affairs Committee of the UK Parliament has issued a report making the case for the UK Government to implement regional variations in tourism VAT and introduce other tax changes to assist the sector. Currently, the tourism sector in Northern Ireland is seen as being at a disadvantage given its 20% VAT rate in comparison to Ireland's 9% reduced VAT rate for tourism. Providing a reduced VAT rate for tourism just in Northern Ireland is not permitted under EU law, but the Committee hopes that once the UK leaves the EU, a reduced rate may be considered.