The British Hospitality Associtaion (BHA) has ramped up calls for the Government to cut the rate of tourism VAT to fix the UK’s increasingly dire trade deficit.
With Chancellor George Osborne set to unveil his 2016 Budget Statement on 16 March, BigHospitality rounds up the key issues the industry would like addressed.
Political support for Cut Tourism VAT's campaign to reduce VAT on domestic tourism from 20 per cent to 5 per cent is growing with The Liberal Democrats becoming the first main party to back it.
The campaign to Cut Tourism VAT has placed renewed pressure on the government after a study revealed that lowering the tax could be worth £20bn to the UK.
The Government must cut tourism VAT and give the hospitality sector greater support, according to a report published today (26 March) by Parliament’s Culture, Media and Sport Select Committee.
The 2015 budget brought good news for pubs across the UK, with a reduction in duty on beer, cider and spirits, but failed to mention a cut in Tourism VAT.
Cut Tourism VAT, the campaign set up to put pressure on the Government to lower the VAT rate for tourism and hospitality businesses in the UK to 5 per cent, is calling for politicians to think again about changing the rate now tourism has been dubbed...
Over 15,000 pubs and restaurants across the UK cut their prices by at least 7.5 per cent on 24 September to show the positive impact reducing VAT to 5 per cent would have on the hospitality sector.
Cutting VAT on hotels and attractions would be a ‘win-win’ strategy for Britain – helping to stimulate the tourism industry, create additional jobs and generate a net gain for the Treasury, according to a new report.
Prime Minister David Cameron has once again shunned the argument to reduce VAT for the hospitality and tourism sectors, claiming that bringing the taxes down to pre-recession levels ‘would be expensive’ for the UK economy.
Following recent reports of the ‘staycation’trend sweeping the UK, the tourism industry is now calling on regional communities across the country to back a campaign to cut tourism VAT from 20 to 5 per cent.
The Cavendish in London is cutting its room rates by 15 per cent this summer to simulate the effect reducing VAT to 5 per cent throughout the hospitality and tourism sectors would have on the UK economy.
The Government is refusing to budge on its decision not to reduce VAT for the tourism and hospitality sectors despite numerous calls from across the industry and from some MPs to do so.
The hospitality and tourism industries have welcomed news that VisitBritain's funding is to be cut by less than expected and VisitEngland's budget is to be frozen.
South Lakes MP Tim Farron has pledged his support of the Cut Tourism VAT campaign and is putting pressure on the Treasury to bring tax rates for hotels, restaurants and other hospitality and leisure businesses into line with those in other European countries.
The Cut Tourism VAT Campaign is ‘disappointed’ that Culture Secretary Maria Miller and VisitBritain have both failed to realise the importance of reducing VAT for the sector after the national tourist board published its new tourism strategy earlier this...
