financehotelowner.co.uk··1 min·For: Owner, GM, Investor
APPG Warns UK Visitor Levy Risks Hospitality Jobs
The All-Party Parliamentary Group for Hospitality and Tourism warns that a proposed 5% UK visitor levy could reduce tourism spending and employment without proper safeguards. The report urges a full impact assessment, a lower hospitality VAT rate of 10%, and ringfenced revenues if implemented.
Key Takeaways
- 1A proposed 5% visitor levy threatens jobs and tourism spending, particularly in rural and coastal areas.
- 2APPG calls for hospitality VAT to drop to 10% and strict ringfencing of levy revenues for local destination investment.
- 3Recommendations include a 12-month implementation period and a consistent national framework.
Source: hotelowner.co.uk
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