To ask the Chancellor of the Exchequer, whether her Department plans to make an assessment of the potential merits of implementing a targeted VAT relief to 15% for (a) food, (b) alcohol and (c) tickets for (i) grassroots and (ii) cultural nightlife businesses.
The Government recognises the significant contribution made by hospitality businesses to economic growth and social life in the UK.VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. Tax breaks re...
VAT Exemptions