Tourism sector calls for a reduction in vat to five per cent
March 12, 2012
The British Hospitality Association and leaders of the hospitality and visitor attractions industry have called on the Chancellor to reduce the rate of VAT for the tourism sector to five per cent. In a letter to George Osborne ahead of the Budget, signatories have pressed for a reduced rate of VAT for tourism and hospitality businesses, initially on overnight accommodation and entrance to attractions, to five per cent. Reducing the rate will …
