Belfast Telegraph

Wednesday 5 August 2015

Hospitality firms backing VAT cut

Published 01/05/2013 | 04:20

Hundreds of thousands of new jobs could be created if VAT was cut by 5%, according to a report by pub, restaurant and hotel firms. A survey by the Jacques Borel VAT Club, which represents 43 pub, hotel and restaurant operators, found that firms would pass on more than half of any VAT reduction in lowering prices.

Hundreds of thousands of new jobs could be created if VAT was cut by 5%, according to a report by pub, restaurant and hotel firms. A survey by the Jacques Borel VAT Club, which represents 43 pub, hotel and restaurant operators, found that firms would pass on more than half of any VAT reduction in lowering prices.

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