Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?

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Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?

Drop to 10% for pubs and eateries would be in line with most of Europe, but critics say it favours multinationals Business live – latest updates Nearly a quarter of hospitality businesses are losing money, new data has shown, reigniting calls among chefs, pub owners and restaurateurs for their sector to be handed a reduced rate of VAT. It may seem like a no-brainer because the measure would ease pressure on the ail…