High level of UK VAT is a deterrent to tourism growth
June 06, 2011
Tourism is the only export of the UK which is subject to domestic VAT and its current high level is clearly a deterrent to visitors and discourages ‘staycationers’, says the annual report of the British Hospitality Association, published Monday 6 June. “The present level of VAT in the UK is one of the most pressing issues facing the industry today, making UK tourism uncompetitive with most European competitor countries, many of which …
