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Early Day Motion for the campaign to reduce tourism VAT in the UK

RDO / News  / Early Day Motion for the campaign to reduce tourism VAT in the UK
12 Jun 2014

Early Day Motion for the campaign to reduce tourism VAT in the UK

Following the Queen’s Speech on June 4th, MPs supporting the CutTouismVAT campaign have created a Early Day Motion in Parliament which recognises a cut in Tourism VAT as a great way to boost the economy, help UK tourism compete and help local businesses.

The Motion states that “this House recognises the value of the tourism sector; notes that tourism-related businesses lie at the heart of the local community and economy; further notes that 24 out of 27 EU states, including the Republic of Ireland, take advantage of a reduced rate of VAT for some part of their tourism sector, and that this has made a positive impact by increasing investment and jobs; acknowledges that, as a result, local regions that have a high reliance on the tourism sector are at a competitive disadvantage compared to other EU states; highlights the economic study produced by Professor Adam Blake, using the Treasury’s own modelling technique, which showed that a cut in tourism VAT could increase gross domestic product by up to £4 billion per year; calls on the Chancellor of the Exchequer to introduce a sector-specific VAT reduction for certain tourism-related products, including accommodation and attractions; and further recognises that such a move would strengthen the wider economy, support job creation and generate investment in local businesses.”

Sixteen MPs have already signed but to increase this number and have a greater impact on key decision makers, RDO members may wish to contact their own MP to ask them to sign the EDM.

For more information, go to www.cuttourismvat.co.uk

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