Petition Reduce the VAT on Hospitality businesses to 10%
Reduce the VAT on Hospitality to 10% from the current rate of 20% to allow Hospitality to survive the storm - or risk losing a large proportion of the industry to it.
The current tax system is disproportional and should be changed alongside changes in tax on supermarkets and online sales.
As an industry we face unprecedented hurdles.
- Wages have increased 20%
- Food prices have risen by 8.5%
- Utilities have doubled
- Rates are soon to rise
- We have higher debts payments coming out of the pandemic
This presents a perfect storm of costs that just can't be absorbed.
We must reduce VAT to 10% to help us weather this unprecedented storm.
This rate should be extended to
• Hot Food
• Soft Drinks
• Hot Drinks
• Events & Door Tickets
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