Submitted on Thursday 15th March 2012
Published on Monday 19th March 2012
Current status: Closed
Closed: Tuesday 19th March 2013
Signatures: 154
Reduce rate of VAT for UK's tourism industry
We are calling for a reduced rate of VAT for visitor accommodation and attractions to bring UK tourism in line with our European counterparts.
The current rate of 20% is one of the highest in Europe and counterproductive.
A reduction in VAT to 5% for tourism-related businesses would help create 20,000 new jobs nationally, increase the amount of money in the Government's coffers - through the generation of additional income - and see a reduction of benefit payments to those seeking employment.
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