The House of Commons Northern Ireland Affairs Committee has called on the government to investigate whether powers over VAT can be used to boost tourism in Northern Ireland (NI). The current NI VAT rate is more than twice that of the Republic of Ireland, which the committee argues puts NI at a ‘competitive disadvantage’. Although EU law prevents member states from setting different levels of VAT for different regions, following Brexit the committee believes the UK government will have the power to reduce tourism VAT in NI and enable it to compete with the Republic of Ireland. See http://bit.ly/2nK7wTc.
The House of Commons Northern Ireland Affairs Committee has called on the government to investigate whether powers over VAT can be used to boost tourism in Northern Ireland (NI). The current NI VAT rate is more than twice that of the Republic of Ireland, which the committee argues puts NI at a ‘competitive disadvantage’. Although EU law prevents member states from setting different levels of VAT for different regions, following Brexit the committee believes the UK government will have the power to reduce tourism VAT in NI and enable it to compete with the Republic of Ireland. See http://bit.ly/2nK7wTc.
