Hospitality Industry: Government Assistance
Commons · Question 1129 · Tabled 22 Jul 2024 · Treasury · Official record
Answered 30 Jul 2024
Question
Asked by Andrew Cooper
To ask the Chancellor of the Exchequer, what fiscal steps she is taking to support the independent hospitality sector; and if she will make an assessment of the potential merits of (a) reducing the rate of VAT for and (b) providing other targeted support
Answer
Answered by James Murray, 30 Jul 2024
The Government very much recognises the importance of independent hospitality. As new Ministers we are keen to engage with the sector to understand its priorities.VAT is the UK's second largest tax forecast to raise £176 billion in 2024/25, helping to fun...