Petition Extend the VAT at 12.5% permanently with the creation of a new 12.5% Tourism Tax
The Hospitality trade has now become the 3rd largest employer in the UK but as we see the end of the 5% VAT rate & the introduction of temporary 12.5% VAT rate (& the future return to 20%) we must finally create a new permanent reduced VAT rate of 12.5% for Hospitality & tax our industry fairly.
As an industry we face unprecedented hurdles. Wages have increased 20%, Food prices have risen by 8.5% since 2018 alongside the costs of operating.
With VAT & Rates rising and higher debts coming out of the pandemic this presents a perfect storm of costs that can't be absorbed by the customer.
We must fix VAT at 12.5% permanently for Hospitality with the introduction of a new 12.5% VAT Tourism Tax in,
• Hot Food
• Soft Drinks
• Hot Drinks
• Events & Door Tickets
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament