Cut Tourism VAT

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Thursday, 11 June 2015

First Minister of Wales supports reduction in Tourism VAT (Video)

Welsh AssemblyOn the 9  June 2015, in response to question by Simon Thomas AM (Plaid Cymru) regarding tourism VAT, Carwyn Jones AM, First Minister of Wales affirmed his support for a reduction:

Simon Thomas AM

First Minister, in a period of cuts in public expenditure, any steps that enable private businesses to invest in order to improve the economy is something that’s worth considering, in my view. It has been estimated that cutting value added tax in tourism from 20 per cent to 5 per cent would bring £7.6 million to Carmarthen West and South Pembrokeshire and £4.5 million to Preseli Pembrokeshire. Before previous budgets, you have supported my calls for a cut in VAT for tourism businesses. There is a budget in the pipeline—an emergency budget from George Osborne—so would you welcome such a cut in VAT for tourism?

Carwyn Jones AM, First Minister

Yes, and, of course, VAT is a tax that can be changed only across the whole of the UK, because of the Azores. Having said that, it would be a great boon to tourism not just in Wales, but across the UK, and that is something that we would support.

You can watch the exchange in the below video at 29 minute 43 seconds.

Source: Record of Proceedings & Video of Proceedings

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