Trade Associations

Over 200 CEOs sign letter urging chancellor to permanently keep 12.5% VAT

UKHospitality chief executive Kate Nicholls said that hospitality is a ‘critical component’ of the UK economy, with the potential to ‘be at the heart of the Government’s plans to Build Back Better’

Over 200 chief executives of the UK pubs, bars, restaurants, cafés, hotels, leisure parks, nightclubs, entertainment venues, and visitor attractions have signed a letter to the chancellor urging for a permanent cut to VAT.

Ahead of his Budget next Wednesday (27 October), industry leaders have called for a permanent reduced rate of VAT for hospitality and tourism, to support them to rebuild businesses and play a full part in the nation’s recovery – alongside meaningful support on business rates.

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