Government Rejects Calls for Tourism Tax Break

Published on : Wednesday, November 27, 2013

imagesThe Government under pressure from George Osborne’s austerity programme has firmly rejected calls for a VAT cut for west businesses designed to boost tourism.

UK Ministers are under pressure to follow the lead of France, Germany and Ireland by slashing VAT on food and accommodation to boost one the country’s most vital industry.

But junior Treasury Minister David Gauke in a written ministerial question said there is “no prospect” of a tax break as increasing Government borrowing could have a “far larger negative impact on the economy”.

The CutTourismVAT campaign, consisting 500 groups, associations, individual hotels and attractions, is leading demands for a cut to improve the industry’s international standing and help ease the cost of living burden for tourists.

The tourism sector in Britain is subject to a 20% VAT rate, while in some countries in Europe it is just 7%. Estimates last year claimed reducing the duty to 15% could net them an extra £160 million a year.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 wtm_london17
  • 04 AIME 2018
  • 12 indywood 17
  • 16 TT Warsaw 2017
  • 18 TTF17
  • 19 Emitt 18
  • 19 IITM
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com