questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of reducing the rate of VAT for the hospitality sector on (a) business viability, (b) job retention, and (c) the affordability of food and drink for consumers.
answerText: VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. Reduced rates of VAT come at a significant cost to the Exchequer and reduce the revenue available for vital public services. Any reduction in ta...
heading: Hospitality Industry: VAT