150,000 signatures already in supporting the 10% VAT campaign on hospitality!
Thank you to everyone who has already signed far. Lets keep this going.
If you haven’t yet signed this petition pleased do, and feel free to share
We want to hit the 1 million mark at least.
Click the link below 👇
https://t.co/9U7TXOAbLz
Brilliant response from the whole community to @ChefTomKerridge call to arms to back his and the industry’s VAT campaign. Let’s keep up the momentum - sign, share, support
Pass it on #VatsTheProblem
Hospitality has so much potential - to create jobs, to drive high street regeneration and economic growth. But it is held back by tax - the most highly taxed sector of the economy
Now the sector is united that #VATsTheProblem. A new sector-wide campaign, spearheaded by Tom Kerridge, is calling for hospitality VAT to be reduced from 20% to 10% - the single biggest lever the Government can pull to unleash potential. So let’s make the Sunmer’s VAT cut the start. Sign the petition today 👇
https://t.co/IW5iwiWaFk
Hospitality and other businesses in the experience economy give us the foundation to tell stories - they are our book covers, pages and spines and our people give voice and bring those stories to life
Hospitality generates 5% of GDP but pays 15% of all business rates - this needs urgent reform and this years revaluations need pausing and bills frozen for all the sector
“The quickest, easiest and simplest way to get a boost to business would be to cut VAT.”
A lower rate of VAT. Proper reform of business rates. Fixing NIC’s - those are the best ways to cut hospitality’s cost burden. @UKHospKate, our Chair, speaks to @BBCNews.
In #PMQs yesterday, @John2Win raised the impact of employer NICs changes on a hotel in his constituency with the Prime Minister.
“They employ over 250 people, but their National Insurance bill is going up by £280,000.”
Hospitality businesses can no longer absorb additional costs.
We need an emergency 6Month #VatCut to 13% in line with the rest of Europe’s Hospitality - this cut to be targeted at Pubs, Restaurants, Bars, Clubs, Cafes and in house F&B operations within Attractions and Hotels like I’m Ireland. This cut would represent less than 2.5% of our current #Hospitality Tax Bill #NoLabourMPs #TaxedOut
Those of us that work now simply pay for those that don’t.
A generation or 2 before would be absolutely mortified at admitting they don’t have a job - now it’s a badge of honour.
This is the UK 2025.
Taking the #TaxedOut campaign to the heart of government with meetings with @allen_m_simpson and @UKHofficial at No 10, Business Department and Parliament
Hospitality is the beating heart of our economy and communities, but we’re being #TaxedOut.
We are calling on the Gov't to act in the Budget.
✅Lower business rates
✅Fix NICs
✅Cut VAT
We’re making our voice heard & we need yours too.
Find out more 👉https://t.co/eMFLowc9w9
This afternoon @PeterABedford led a Westminster Hall debate on the impact of the VAT registration threshold on SMEs.
Peter reiterated our call for a cut of VAT to 12.5% for the hospitality sector to keep prices down, support the high street and benefit customers.
🎬👇
The Prime Minister has come out in the aftermath of this weeks disaster for his party to say that he is determined to deliver for UK people.
The thing is that fiscal policy has to fit the rhetoric.
He says economic growth is his priority but the last budget delivered anything but.
My industry, hospitality, is being milked dry. It has the highest tax burden ever and that taxation level is higher than in any other European country.
People talk fluently about job losses and closures and they are, indeed, continuing to rise. However, the first victim of the budget was investment. Even large Well funded companies who are able to ride out the current crisis have slashed their growth capital budgets. Instead they will focus their funds on buying distressed independent businesses on the cheap.
If the budget was meant to stimulate growth, the Chancellor needs a lesson in the ‘law of unintended consequence.