Vat Cut

Hospitality in ‘perilous state’ as quarter of businesses run out of cash

19-Feb-2024 By James McAllister

Hospitality’s leading trade bodies have warned that the sector is in a ‘perilous state’ after new research found a quarter of businesses have no cash reserves.

MPs call on Government to ‘listen to the hospitality sector’ and back VAT cut

01-Feb-2024 By James McAllister

MPs from across the political divide including the Conservative’s Tobias Ellwood and former Liberal Democrat leader Tim Farron have voiced their support for measures to support the hospitality sector.

'More unwelcome news for hospitality' as inflation hits new 40-year high

17-Aug-2022 By James McAllister

UK inflation hit a new 40-year high of 10.1% in July, official figures show, with industry voices demanding the Government finally introduce a reduction on VAT for the sector.

Calls for VAT reduction on business energy bills as inflation hits 40-year high

19-May-2022 By James McAllister

Sacha Lord, Greater Manchester's night time economy adviser, has called on the Government to implement a temporary reduction in VAT on business energy bills in the face of rocketing inflation.

Hospitality renews calls for further financial support as Johnson confirms lifting of Plan B measures

19-Jan-2022 By James McAllister

The Prime Minister has confirmed that Plan B measures including the use of so-called 'vaccine passports' will be scrapped in England next week.

Hospitality leaders make last-ditch call for Chancellor to keep VAT at 12.5%

25-Oct-2021 By James McAllister

More than 200 hospitality leaders have signed a letter to the Chancellor ahead of Wednesday's (27 October) Budget, calling for a permanent reduced rate of VAT for the sector.

UKHospitality launches #VATsEnough campaign to ‘lock in’ lower VAT permanently for sector

07-Oct-2021 By James McAllister

UKHospitality has launched a campaign calling on the Chancellor Rishi Sunak to make the current 12.5% VAT rate for hospitality permanent and thus help bolster the sector's post-Covid recovery.

UKHospitality calls for targeted package of support in Budget submission

04-Oct-2021 By James McAllister

UKHospitality has called for a targeted package of post-pandemic support for the sector, including a permanent lower rate of VAT, in its Budget submission to the Treasury.

Hospitality pleads for further financial support following 'Freedom Day' delay

15-Jun-2021 By James McAllister

Chancellor Rishi Sunak is facing urgent calls from the hospitality sector to extend 'crucial' financial support measures following confirmation of a four week delay to England's final lockdown easing.

Ramsay urges Sunak to extend VAT cut and furlough for hospitality

19-Feb-2021 By James McAllister

Gordon Ramsay has called on Chancellor Rishi Sunak to extend the VAT holiday and furlough for struggling hospitality businesses at his Budget.

Treasury has 'no plans' to extend VAT cut but Sunak insists more support is coming

27-Jan-2021 By James McAllister

The Treasury says it has 'no plans' to extend the VAT cut for the hospitality sector, despite the Chancellor warning that the economy will get worse before it gets better.

UKHospitality: 'Business rates holiday and VAT cut extension essential for hospitality revival'

20-Jan-2021 By James McAllister

Trade body UKHospitality has called for a 'bold package' of support to enable businesses in the sector to spearhead country’s economic revival in 2021.

Up to 310,000 jobs on the line across hospitality and tourism without 5% VAT extension

14-Jan-2021 By James McAllister

More than 300,000 jobs across the hospitality and tourism sectors could be lost if the VAT rate reverts back to 20% in April 2021, trade bodies have warned.

Chancellor announces Job Support Scheme to replace furlough from November

24-Sep-2020 By James McAllister

Chancellor Rishi Sunak has announced a new wage subsidy programme that he says will 'allow firms to preserve viable jobs'.

Chancellor mulls VAT cut

22-Jun-2020 By James McAllister

Rishi Sunak is reportedly considering a cut to VAT in a bid to jumpstart the UK economy following the Coronavirus lockdown.

JD Wetherspoon 'can no longer support' VAT Club

08-Dec-2015 By James Wallin

JD Wetherspoon has announced it has pulled out of the VAT Club Jacques Borel, according to BigHospitality's sister publication M&C Allegra Foodservice.

VAT campaign

VAT Club proposes staggered tax reduction

02-Sep-2015 By Mark Wingett, M&C Allegra Foodservice

The hospitality VAT cut campaign has put forward a plan to the Government for a staggered reduction in the level of the tax for hospitality businesses.

Hospitality industry steps up calls for VAT cut to boost business and jobs

23-Apr-2012 By Peter Ruddick

The British Hospitality Association (BHA) has revealed results of a new survey which show an overwhelming majority of operators support calls for a VAT cut. 

Hospitality industry unites to support VAT cut for tourism

12-Mar-2012 By Luke Nicholls

The British Hospitality Association, Travelodge and Whitbread are among a number of leading hospitality businesses and industry bodies that have united to urge the Government to slash the rate of VAT for the tourism sector to five per cent. 

Campaign to cut VAT continues despite rejection from Treasury

28-Jul-2011 By Emma Eversham

A campaign which aims to reduce VAT to 5 per cent for the hospitality industry has vowed to continue despite claims from the Treasury that there is no 'compelling evidence' for the cut.

Industry divided over VAT cuts

01-Dec-2008 By Becky Paskin

The hospitality industry is divided over whether to keep or pass on savings from the Government’s VAT cuts that came into force today