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Tampopo backs Slash VAT campaign

16 August 2011 by
Tampopo backs Slash VAT campaign

Another hospitality business has thrown its weight behind Caterer and Hotelkeeper‘s campaign to Slash VAT, Boost Business.

David Fox, co-founder of Asian-style casual dining chain Tampopo, said: "To have a cohesive campaign on this issue is really important. The increase (to 20% in Janaury 2011) is really meaningful for a business of our size.

"We are probably paying an extra £130,000 a year in VAT and that is on a turnover of £6.5m. That is a substantial amount. You can't just add 2.5% to your prices because the consumer is being pinched as well.

"You would have thought if there was any party that was minded to create more tax revenues by having a lower rate of tax it would be the current Government."

Only one country - Denmark - has a higher rate of VAT for hospitality businesses than the UK, at an eye-watering 25%. Last month, Ireland dropped its rates for all tourism-related goods and services, which includes hotels, restaurants and pubs from 13.5% to 9% until the end of 2013.

For more information on Caterer‘s Slash VAT campaign, go to www.caterersearch.com/slashVAT.

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

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