Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?
Drop to 10% for pubs and eateries would be in line with most of Europe, but critics say it favours multinationalsBusiness live – latest updatesNearly a quarter of hospitality businesses are losing money, new data has shown, reigniting calls among chefs, pub owners and restaurateurs for their sector to be handed a reduced rate of VAT.It may seem like a no-brainer because the measure would ease pressure on the ailing sector and put the UK in line with most European…
Source: www.theguardian.com