The VAT Club Jacques Borel are a cross-section of 40 high profile companies from the pub, restaurant, hotel and foodservice sectors who are aiming to promote the employment benefits of a lower VAT rate for the hospitality sector.
At present all food and drink in pubs is subject to 20 per cent VAT, compared to supermarkets who benefit from a zero VAT rate.
Tax Equality Day
To show the disparity of the VAT that supermarket pay compared to the tax paid by the hospitality and leisure industry, the group has scheduled a Tax Equality Day on Wednesday 24 September.
Pubs, restaurants and other late night venues will once again be encouraged to support the campaign to reduce the level of VAT in the hospitality sector by reducing prices to show how beneficial a lower tax rate would be to the consumer and the industry.
If the campaign is successful, a reduction in VAT would stimulate the growth of jobs all over the UK, with experts estimating a boost of 290,000 to 670,000 new jobs in the hospitality sector.
J D Wetherspoon chairman Tim Martin has gotten behind the Tax Parity Day, confirming that 900 venues will be taking part in the campaign. Tim argues that events like the Tax Parity Day are doing a commendable job of illustrating the ‘unfairness of VAT which pubs and restaurants and other hospitality operators have to pay.’
How to get involved
You can help the campaign by downloading an already prepared letter to your local MP via the Jacques Borel website.
Insuring your business
We offer insurance to all facets of the hospitality and nightlife industry, so we back this lower rate to provide a much needed boost to a vital UK employment sector.
Get in touch to find out how we could provide your late night venue with a personalised and comprehensive insurance policy from our industry leading brokers. You can call us on 0844 488 9205 or use our contact form.