Top UK chefs call for 10% VAT cut for pubs and restaurants
Top UK chefs are advocating for a reduction of VAT for pubs and restaurants from 20% to 10% to alleviate financial pressures on the hospitality industry. They argue that the current tax rates are unsustainable and are contributing to the struggles faced by businesses in the sector. The call for a VAT cut comes in the wake of rising costs and decreased consumer spending, particularly following the challenges posed by the COVID-19 pandemic and the ongoing cost of living crisis.
- ▪Four prominent UK chefs have called for a 10% VAT cut for the hospitality sector.
- ▪The current VAT rate of 20% is one of the highest in Europe, impacting profitability.
- ▪The hospitality industry has faced significant challenges, including rising costs and reduced consumer spending.
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Top UK chefs call for 10% VAT cut for pubs and restaurantsJust nowShareSaveAdd as preferred on GoogleMichael Race,Business reporterandCharlotte Sexton,Newsnight producerGetty ImagesChefs Ravneet Gill, left, and Tom KerridgeFour top UK chefs and restaurant owners have urged the government to cut VAT for restaurants and pubs as they warned working in the hospitality industry was the "hardest it has ever been".Tom Kerridge, Yotam Ottolenghi, Ravneet Gill and Simon Rogan told BBC Newsnight VAT should be slashed to 10% to ease pressure on businesses and bring rates closer to levels across Europe."We're not making any money whatsoever, and we're just keeping our heads above water," warned Rogan, while Kerridge said the government was getting taxation on businesses "very, very wrong".Cabinet…
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