independent

Wednesday 14 November 2018

RAI point to employment figures to retain 9% VAT rate

Liam Edwards, President of the RAI and Adrian Cummins, CEO of the RAI
Liam Edwards, President of the RAI and Adrian Cummins, CEO of the RAI

The Restaurant Association of Ireland (RAI) is making a case for the retention of a reduced 9% VAT rate by pointing out that a total of 2,459 new jobs have been created in the food and accommodation sector in County Wexford since its adaption in July of 2011.

In Q1 of 2018, it's estimated that 5,399 workers were employed directly in the accommodation and food services sectors in Wexford. The total gross annual wage paid to those workers was €125million, with a total net annual wage of €111million. According to RAI's report, the payroll taxes taxes accruing to the Exchequer from this employment was €27.6million and indirect employment as a result of direct employment in the sector is estimated at 2,484.

Total employment in the accommodation and food services sector in County Wexford increased by 1,684 between Q2 2011 and Q1 2018. The total gross annual wage paid to those extra workers is €39 million. The total net annual wage paid to those extra workers is €34.6 million. The payroll taxes accruing to the Exchequer from this extra employment is €8.6 million. Indirect employment as a result of the change in direct employment in the sector is estimated at 775.

Wexford People

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