Cut Tourism VAT

Cut tourism VAT, boost british jobs

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Sunday, 23 June 2013

Tim Farron MP offers support for Cut Tourism VAT

Tim Farron, MP for the South Lakes and President of the Liberal Democrat Party has asked treasury ministers to reduce the rate of VAT on charges for hotels and B&Bs. Tim thinks this tax cut could boost trade, create jobs and help our tourism sector compete with other European destinations.

Mr Farron has asked the Treasury to bring tax rates into line with other European countries. While VAT rates on hotels and cultural attractions are set at the standard 20% in the UK, they are much lower in other EU destinations. HeĀ  tabled a written question in the House of Commons on 18th June asking the Chancellor of the Exchequer “if he will consider reducing the rate of VAT charged to hotels in the UK for the purposes of enabling them to run their businesses at similar levels of taxation to hotels in other EU countries?”

Tim said: “Local hotels and B&Bs are the backbone of our economy and, with the recent changeable weather we’ve had, I think they need more help and support. Recently I helped secure funding to help advertise the Lake District and I continue to lobby to get the government to turn us into an ‘attack brand’ for UK tourism. However I think we can do even more. I would like the government to look at the impact of cutting VAT for the tourism industry because I think it could boost trade and support our local economy.”

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