On Wednesday 25 September, 52 public houses owned by Dorset brewers Hall & Woodhouse – including The Barn Owl, Kingerswell; The Lighter, Topsham; The Ness House, Nr Teignmouth; and The Old Inn Widecombe In The Moor in Devon – will be joining other pubs and restaurants in the national Tax Parity Day by lowering prices on food and drink by 7.5 per cent for 24 hours.
The day has been organised to support the on-going campaign to highlight the amount of VAT hospitality businesses pay on sales compared to supermarkets and what could be achieved if this was lowered. The price reduction of 7.5 per cent represents the amount prices would be expected to fall if VAT in the hospitality sector were cut from 20 per cent to five per cent.
Anthony Woodhouse, managing director at Hall & Woodhouse, comments: “Currently UK hospitality businesses are charged 20 per cent VAT on food sales, whereas supermarkets pay no VAT on ready meals. This seems a disparity that disadvantages an industry which can generate jobs and meaningful careers as well as supporting local producers. Hall & Woodhouse are delighted to be supporting this campaign which if successful has the potential not only to create tens of thousands of jobs across the UK, but would also encourage sustainable growth in the UK economy.”
The campaign is being headed up by Jacques Borel who has been successful in similar campaigns across Europe including Belgium, France, Germany and Sweden where a tax reduction of 19.65% to 5% led to the creation of 21,700 jobs in the first year alone.
For more information on Tax Parity Day visit www.vatclubjacquesborel.co.uk
(from a press release)