questionText: To ask the Chancellor of the Exchequer, what recent assessment has she made of the potential merits of reducing VAT to 10% for hospitality businesses in Wales.
answerText: VAT is a broad-based tax on consumption. It is a reserved tax and applies across the UK, with the 20 per cent standard rate applying to most goods and services. Reduced rates of VAT come at a significant cost to the Exchequer and reduce the revenue availa...
heading: Hospitality Industry: VAT