Reduce VAT on hospitality to 10%: protect jobs, communities & UK competitiveness

Summary

Reduce VAT on hospitality to 10% to prevent closures & protect tax revenue. When venues close, HMRC loses 100% of its VAT, business rates, PAYE & corporation tax, reducing employment & supply chains. We believe a lower VAT rate would keep viable businesses trading, securing jobs & ongoing revenue. Hospitality businesses operate on very tight margins and struggle to absorb 20% VAT alongside rising food, energy, wage and rent costs. We believe a permanent reduction to 10% VAT would save jobs, keep venues open, support apprenticeships and skills, and strengthen high streets – it would help businesses survive and continue contributing billions to the UK economy. This would protect local jobs, keep pubs and restaurants open, and help high streets, tourism and communities survive.

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