Campaign highlights failure to consider VAT reduction in New Tourism Strategy
The Cut Tourism VAT Campaign today responded to the publication of Visit Britain’s new tourism strategy by expressing its regret that the case for reducing VAT on tourism was not properly addressed.
Graham Wason, Chairman of the Campaign commented:
“Whilst the campaign applauds the report’s call for a ‘long-term ambition for growth’ we are disappointed industry submissions making the case for a VAT reduction for the sector were not given more consideration.
“The report accepts that other countries have recognised the potential of tourism to contribute to employment and growth and are adjusting their policies accordingly in order to compete internationally.
“It is therefore surprising that our proposed VAT reduction, which would bring us into line with our EU competitors, is not given due attention in this report. According to the Treasury’s own economic model this proposal is one of the ‘most efficient’ ways of generating GDP growth at low cost.
“Government could quickly implement a reduced rate of VAT to help industry competitiveness. Other proposals, such as delivering new airport capacity would take many years to be realised.”
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