To ask Her Majesty's Government what assessment they have made of the financial analysis by the Campaign to Cut Tourism VAT which, using HM Treasury’s model, shows that following a reduction of VAT on accommodation and attractions from 20 per cent to 5 per cent a first-year loss of £461 million would be eliminated by year two, and over ten years £4.6 billion would have been produced for the Exchequer.
Answered on
3 May 2018
We are looking again at this issue, and at Spring Statement the government launched a call for evidence on the impact of VAT and Air Passenger Duty on tourism in Northern Ireland.
Answered by
Treasury