tourism VAT
MPs call for independent assessment into tax-free shopping
MPs have urged the Treasury to commission an independent assessment into the “full economic impact” of tax-free shopping on the UK economy.
Boss of Shakespeare's Globe backs calls for tax-free shopping for tourists
Calls for the reintroduction of tax-free shopping for tourists have been supported by the chief executive of Shakespeare’s Globe theatre, who said ticket sales have fallen since it was stopped in January 2021.
MPs' inquiry recommends hospitality VAT remains at 12.5%
An inquiry by a group of MPs has recommended that VAT for the hospitality and tourism[...]
VAT freeze could create over 250,000 hospitality and tourism jobs, study finds
Freezing hospitality VAT at 12.5% could create more than 250,000 jobs over the next ten years[...]
Over 650,000 hospitality jobs lost in past year, with thousands more at risk
The hospitality sector has seen an estimated 650,000 job losses in the past year, with a[...]
Chancellor to introduce furlough scheme replacement and extend VAT cut
Chancellor Rishi Sunak is expected to announce new schemes to protect jobs and prop up businesses[...]
Cross-party support voiced for long-term reduction in tourism VAT
UKHospitality has welcomed cross-party support for a long-term reduction in tourism VAT expressed in yesterday afternoon’s backbench business debate in the House of Commons."
Could temporary VAT reduction boost campaign for permanent change?
The tourism industry has long campaigned for reduction in VAT to boost its competitiveness with destinations across Europe.
Concerns chancellor's VAT break could be undermined by promises of price cuts
Just days after the industry welcomed the job-saving potential of the chancellor's VAT cut, operators have expressed concerns that promises of price cuts could undermine its impact.
VAT cut and discount scheme welcomed by industry as chancellor gives it a 'fighting chance’
Chancellor Rishi Sunak's decision to slash VAT for hospitality to 5% and introduce a "first of[...]
Hospitality leaders call on government to cut VAT to help businesses survive
Hospitality leaders have called on the government to cut VAT rates to help businesses survive while[...]
BHA round-up: A manifesto for a new government
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.
The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.
© {{year}} All rights reserved. Jacobs Media Group Limited is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
Ad Blocker detected
We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.