East Devon County Council to debate Cut Tourism VAT support
East Devon County Council will debate a motion calling for it to support Cut Tourism VAT. The Council meeting starts at 6.30pm on Wednesday 9 April and will be held at Knowle. Members of the public will be able to speak on matters related to the agenda at the beginning of the meeting. Cut Tourism…..Read more
Budget Fails to Reform Major Tax on Exports
When the Chancellor of the Exchequer delivered his budget yesterday, he put in place a number of initiatives intended to support exports; however he overlooked reform of one tax that has a significant negative impact, VAT. A fundamental principle of VAT is that it does not apply to exports. However, in one major export industry,…..Read more
Scottish Tourism Minister says: “Independent Scotland Could Cut VAT on Tourism”
As Scottish Tourism Week kicks off, Fergus Ewing, the Scottish Government’s Minister for Energy, Enterprise and Tourism has confirmed that an independent Scotland could reduce VAT on tourism. He said: “Independence would allow key decisions on taxation to be made in Scotland by those who have Scotland’s best interests at heart and who have a…..Read more
International Tax Review Article on UK Tourism VAT
This article originally appeared on the International Tax Review on 18 February 2014. The original article can be accessed here. By Aaran Fronda, ITR. David Gauke, Exchequer Secretary to the Treasury, has rejected a 15 percentage point cut in VAT for the tourist sector, despite evidence it will boost GDP, create jobs and increase fiscal…..Read more
MPs speaking for Tourism VAT cut shows strong support across parties
Twenty-five MPs spoke in yesterday’s positive debate in the House of Commons – below is a list of their names, parties and constituencies. There were 12 backbench speakers from England: Andrew Bingham (High Peak) (Con); Nick de Bois (Enfield North) (Con); Geoffrey Cox (Torridge and West Devon) (Con); Tim Farron (Westmorland and Lonsdale) (Lib Dem);…..Read more
MPs from all parties unite for tourism VAT reduction in Parliament debate
More than 28 MPs from all parties united in Westminster today to urge the Government to reduce VAT on the tourism sector. This follows a high level campaign by the tourism industry as 24 out of 28 EU countries such as France and Spain enjoy vastly reduced tourism VAT unlike the UK where we still…..Read more