BHA upset by tourism VAT cut snub in Autumn Statement

Coinslot BHA Tourism
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The British Hospitality Association has described last week’s Autumn Statement as a “missed opportunity” for British tourism.

It was upset that chancellor Philip Hammond made no move to reduce VAT on attractions, accommodation and restaurants in his first fiscal announcement since the UK’s referendum on EU membership.

Along with BALPPA, Bourne Leisure and Merlin Entertainments, the association has lobbied hard for the reduction as part of the Cut Tourism VAT campaign.

 

“It is a sure fire way to encourage more people, both domestic and foreign, to enjoy holidays here and would make the UK more competitive with our European competitors, the vast majority of whom have lower tourism VAT rates than us”

 

Ufi Ibrahim, Chief Executive of the BHA said: “The government missed a wonderful opportunity to bolster hospitality and tourism – the UK’s fourth largest industry and employer of 4.5m people – by refusing to cut VAT on tourism.

“It is a sure fire way to encourage more people, both domestic and foreign, to enjoy holidays here and would make the UK more competitive with our European competitors, the vast majority of whom have lower tourism VAT rates than us.

“The UK’s hospitality and tourism businesses are already experiencing increased costs as a consequence of the fall in the value of Sterling with the price of building materials, cotton and imported food and beverages climbing.

“This is a worrying trend at a time when Britain needs to be open for business and tourists alike.”


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