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10.07.2013 16:17 Age: 4 yrs
Category: Sum Thoughts Blog

Sum Thoughts blog - Thumbs up to VAT reduction campaign


I was heartened to read a story on www.morningadvertiser.co.uk about the group campaigning to reduce VAT to five per cent for the hospitality sector writing to every pub in the country asking for their support.

A letter from Jacques Borel, who is heading the campaign, is being distributed with a copy of a magazine called Taxing Times, which features supportive articles from industry figures including JD Wetherspoon chairman Tim Martin.

The Vat Club JB is also organising a Tax Parity Day on September 25, calling on thousands of publicans, restaurateurs and food service operators to cut prices by 7.5 per cent for one day only.

I believe a VAT reduction is a brilliant idea. It will offer better value for money for the consumer and give a publican a better opportunity to earn a living, not scrape the barrel.

Whether its a managed house, tied pub or a free of tie outlet, the benefits are the same.

This issue is definitely something I will raise at the next committee meeting of the Association of Licensed Trade Accountants (ALTA) in my role of vice-chairman and treasurer.