UK trade bodies call for lower rate of VAT, amid 12.5% rise
Under treasury plans, hospitality and tourism VAT is expected to rise to 12.5% from today (1 October) and will return to its pre-pandemic level of 20% come April 2022
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UK Hospitality alongside other trade associations have joined forces to call on the chancellor, Rishi Sunak, to introduce a permanent lower rate of VAT.