Hospitality Industry: VAT
Commons · Question 11167 · Tabled 18 Jun 2026 · Treasury · Official record
Answered 23 Jun 2026
Question
Asked by Ben Lake
To ask the Chancellor of the Exchequer, what recent assessment has she made of the potential merits of reducing VAT to 10% for hospitality businesses in Wales.
Answer
Answered by Dan Tomlinson, 23 Jun 2026
VAT is a broad-based tax on consumption. It is a reserved tax and applies across the UK, with the 20 per cent standard rate applying to most goods and services. Reduced rates of VAT come at a significant cost to the Exchequer and reduce the revenue availa...