questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of reducing VAT on the hospitality sector in line with rates in other European countries on (a) the economy and (b) the tourist industry.
answerText: The Government recognises the significant contribution made by hospitality businesses to economic growth and social life in the UK. VAT is the UK’s third largest tax, forecast to raise £180 billion in 2025/26. Tax breaks reduce the revenue available for v...
heading: Hospitality Industry: VAT