MPs renew calls for reduction in tourism VAT

A group of MPs have tabled an Early Day Motion in Parliament, renewing calls for the chancellor to reduce Tourism VAT to five percent. Stephen Lloyd, Liberal Democrat MP for Eastbourne in East Sussex, tabled the motion, which has been co-sponsored by several other MPs including Caroline Lucas, Jim Shannon, Sammy Wilson, and Dr Philippa Whitford. Speaking about the motion, Lloyd said: “The tourism industry lies at the heart of the British economy. But what the UK visitor economy urgently needs is to become more competitive relative to its European counterparts. “That means reducing the damagingly high rate [ ] The post MPs renew calls for reduction in tourism VAT appeared first on Coinslot.
/2017/12/13/mps-renew-calls-reduction-tourism-vat/