Cut VAT to boost post-Olympic tourism

Cut VAT to boost post-Olympic tourism

Marketing agency VisitBritain calls for tax cuts to encourage tourism growth

VAT CUTS are needed to supplement the feel-good factor created by the Olympics and boost tourism.

VisitBritain, which today launches a consultation on growing inbound tourism to 40 million from 31 million by 2020, will say that the perception of the UK abroad has been boosted following the games – however, the benefits to tourism will not be realised without an active strategy.

The marketing agency wants VAT on tourism services cut to encourage more visitors, which in turn would lead to job creation and eventually greater tax receipts.

Chairman Christopher Rodrigues told The Times that the strategy was “not a gamble”.

 

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource