4 Articles
4 Articles
Swansea pub landlords say John Healey's Budget has not gone far enough to support hospitality sector
Pub landlords in Swansea have called for greater government support after Chancellor John Healey’s Budget failed to deliver the VAT reduction sought by the hospitality industry.More than 400,000 people signed a petition calling for VAT to be reduced for hospitality businesses, but the rate remains at 20 per cent.Iwan Buckey, general manager of Sessions by Mumbles Brewery, said the cost of beer duty and VAT was among the biggest challenges facing…
The 20 per cent rate looks safe. The rest of VAT isn’t.
Preferring the scalpel to the sledgehammer, a freeze on thresholds and changes to who actually pays the tax could be keynotes of the Budget. By Tony Cochrane John Healey will deliver his first Budget tomorrow with one VAT number he is highly unlikely to touch. Labour promised not to raise VAT, and the 20 per cent [...]
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