Cut Tourism VAT

Cut tourism VAT, boost british jobs

News

Monday, 24 October 2016

Cut Tourism VAT to help coastal regeneration

Dermot King, Cut Tourism VAT Chairman,  today spoke to Ian King from Sky News about how a Tourism VAT reduction could help British coastal destinations invest and compete with those elsewhere in Europe.

While the cheap pound makes a holiday in the UK more attractive to overseas’ tourists Government investment alongside a cut in VAT on tourism would help boost the country’s competitiveness.

“Tourism itself and seaside towns themselves are a big challenge because the fact of the matter is if you come from a seaside town you’re more likely to be unemployed, you’re more likely to have a poor education and you’re more likely to be on lower-level social housing.”

While tourism is the fourth-biggest employer in the country already – it is also the sixth-biggest exporter.

“The fact of the matter is we’re three-times more expensive than Germany and twice as expensive as France when it comes to VAT,” Mr King said.

READ: BHA Report: Creating Coastal Powerhouses 

WATCH: video of the interview here here

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