With the increase in VAT for accommodation and restaurants increasing from 5% to 12.5% today (1 October 2021), the Tourism Alliance (with UK Hospitality, BBPA, AVLA and BII) has issued a press release based on the results of the VAT Survey that was sent to the hospitality industry earlier.
Some of the main findings from the survey are:
If VAT on tourism and hospitality were to remain at 12.5% indefinitely, it would increase turnover by an average of 8.8% (using mid-point average calculation).
If VAT on tourism and hospitality were to remain at 12.5% indefinitely, it would increase business investment by an average of 12.0% (using mid-point average calculation).
5/22/2024 9:51:05 AM
Marquis welcomes Auto-Trail in the Midlands
5/1/2024 3:24:31 PM
Simpsons motorhomes dealership in Great Yarmouth purchased by Desira Group
4/18/2024 8:18:17 AM
NCC appoints Director of Leisure Vehicle and Holiday Parks Security
3/12/2024 3:18:13 PM
Keep it clear, simple and honest - advice to park members