United Kingdom

Hospitality leaders urge Rishi Sunak not to raise VAT rates on their fall budget

Hospitality industry leaders urge Rishi Sunak not to raise VAT rates on its fall budget as the sector recovers from the Covid blockade.

  • More than 200 hospitality leaders urged the prime minister not to raise VAT rates
  • They warned Rishi Sunak that keeping taxes at 12.5 percent was “essential” for recovery.
  • Business leaders, including Pizza Express and Cafe Nero’s head, signed the letter


Over 200 hospitality industry leaders Rishi Sunak Encourage him not to raise them bat ratio.

Prior to Wednesday’s budget, they warned the prime minister that he would face devastation if taxes were returned to pre-pandemic levels of 20%.

VAT in this sector was reduced to 5% last summer to support pubs, bars and restaurants after the first Covid-19. Blockade..

A letter prior to Wednesday’s budget urged:

It will rise to 12.5% ​​this month and will return to 20% in April.

Business leaders, including heads of Pizza Express, Caffè Nero and Traveler, argued in a joint letter that maintaining taxes permanently at 12.5% ​​was “essential” to the industry’s recovery.

They said any rise would lead to higher family prices, creating jobs and destroying the sector’s ability to support recovery.

Business leaders, including heads of Pizza Express, Caffè Nero and Travellodge, argued in a letter to the Prime Minister that raising VAT taxes would cause devastation.

Business leaders, including heads of Pizza Express, Caffè Nero and Travellodge, argued in a letter to the Prime Minister that raising VAT taxes would cause devastation.

“VAT tax cuts help fulfill your ambition to’level up’our high streets and communities,” they added.

The trade group UK Hospitality and the business chief also urged Mr Snack to “fundamentally reform” business rates.

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Hospitality leaders urge Rishi Sunak not to raise VAT rates on their fall budget

SourceHospitality leaders urge Rishi Sunak not to raise VAT rates on their fall budget

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