{"id":409,"date":"2011-07-05T11:58:59","date_gmt":"2011-07-05T11:58:59","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/?p=409"},"modified":"2011-07-05T11:58:59","modified_gmt":"2011-07-05T11:58:59","slug":"ireland-lowers-vat-rate-on-number-of-goods","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2011\/07\/05\/ireland-lowers-vat-rate-on-number-of-goods\/","title":{"rendered":"Ireland lowers VAT rate on number of goods"},"content":{"rendered":"<p>Ireland has slashed its VAT rate on a number of goods, including restaurants, hospitality and tourism in a bid to boost the economy and get consumers spending again.<\/p>\n<p>The country\u2019s Government lowered the rate from 13.5% to 9% on 1 July and it will remain until December 2012.<\/p>\n<p>The new rate will mean slightly lower prices for the consumer and comes at a time when other struggling economies are raising their taxes.<\/p>\n<p>It is hoped that other countries will follow Ireland\u2019s lead.<\/p>\n<p>According to Adrian Cummins, chief executive of the Restaurants Association of Ireland, the reduction will make Ireland more competitive to do business and bring more tourists to the country.<\/p>\n<p>Meanwhile, the Irish Hotels Federation, which represents 1,000 hotels and guesthouses, said it fully supported the initiative and that it will urge its members to pass on the benefit \u201cin full\u201d.<\/p>\n<p>At the start of the year, the UK lifted its rate of VAT to 20% in a bid to raise billions of pounds to trim the budget deficit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ireland has slashed its VAT rate on a number of goods, including restaurants, hospitality and tourism in a bid to<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[4],"tags":[],"class_list":["post-409","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=409"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/409\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}