United Kingdom · Question · Written question
UIN 123734
Hospitality Industry: VAT
Original
Introduced
1 December 2020
Last action
9 December 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
9 December 2020
Summary
To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the reduction in VAT for the hospitality industry to 5 per cent on the viability of that sector.
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Timeline
1 December 2020
Written question
To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the reduction in VAT for the hospitality industry to 5 per cent on the viability of that sector.
Source: Commons
9 December 2020
Answer
The temporary reduced rate of VAT (five per cent) was introduced in order to support the cash flow and viability of over 150,000 businesses and protect 2.4 million jobs in the hospitality and tourism sectors. This relief comes at an estimated cost of £2.5...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2020-12-01/123734
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1257205
- uk · wq-1257205 · source updated 9 December 2020