Wednesday, September 30, 2020

Tag: The Campaign to Cut Tourism VAT

Tourism VAT cut would be “revenue neutral” by third year

Coinslot HM Treasury
While the industry would benefit immediately, the Treasury would only have to wait three years to start seeing a profit from cutting tourism VAT, according to the Cut Tourism VAT campaign that wants to see the 20 percent figure slashed to five percent. A cut to the VAT charged on tourism related products would be revenue neutral by the third...

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