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Reduction of VAT in the Hospitality Sector

Submitted on Wednesday 14th November 2012

Published on Thursday 15th November 2012

Current status: Closed

Closed: Friday 15th November 2013

Signatures: 76

Tagged with

Economy ~ EU ~ Portugal ~ Tax

Petition Action

Reduction of VAT in the Hospitality Sector

Additional Information

The EU recognised that the Hospitality sector is a labour intensive sector and as such should be taxed accordingly. This has been recognised by Ireland, Portugal, Spain, Germany and France (to name a few).
It has been credited in France with creation/saving of 320, 000 jobs.
Most businesses with this sector would benefit little, if at all, from a reduction in corporation tax.

I would urge the Government to reconsider the punative rate of 20% currently levied on this industry and follow our European neighbours to reduce the VAT rate to a rate closer to 5%.

This change would help protect small businesses and create jobs at this difficult time for the economy.


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