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Bridlington's MP Welcomes Cut To Tourism VAT Rate

Bridlington's MP Welcomes Cut To Tourism VAT Rate

Published by Karen Liu at 5:34pm 8th July 2020.

Bridlington's MP Sir Greg Knight has welcomed the Chancellor’s decision to cut the rate of VAT on tourism from 20% to 5% to help the industry bounce back from the COVID-19 crisis.

Following a campaign earlier this year from Sir Greg and other MPs representing tourist areas, the Chancellor Rishi Sunak MP has today announced a slash in the VAT rate to 5% for the next 6 months.  

Sir Greg said:

“In East Yorkshire, the tourism and hospitality sector have been hardest hit by the shutdown.  I have been calling for this stimulus to boost UK tourism and encourage people to take holidays in places like Bridlington or the Wolds, rather than spending their money abroad”.

Sir Greg has also welcomed the added bonus of the “Eat out to help out” scheme which will also give UK diners up to 50% off their meals out from Mondays - Wednesday in restaurants, cafes and pubs, throughout August.

He said:

“Now the lockdown is eased and restaurants, pubs and cafes are made COVID-safe and observing social distancing requirements, it’s time to get Britain’s tourism industry back to business. There are no better ways of incentivising Brits to take their holidays in the UK than by making them cheaper.  I am pleased that the Chancellor announcement today shows he agrees”.

Sir Greg added:

“There is no doubt that this package of benefits will be welcomed by the industry and help to save jobs in East Yorkshire and across the country”.

Comments

There are 2 comments on this page.

Barra, on 8th July 2020 7:36pm
It’s good news for the local economy, and it will bring business into the town.
Peter croft, on 9th July 2020 11:59am
Wrong it will not bring business in to brid it will allow large companies who pay VAT because they have large turnover to make more profit, it also reduces the amount of taxation going into the NHS, where will this lost tax come from
Small business with annual turnover( not profit ) less than £85k do not pay vat. This only benefits chains and large establishments not small one man businesses which are fighting for survival

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