Until the UK government addresses the issue of our excessive VAT rate on tourism, we will continue to struggle to be competitive and to find the funds to invest in seasonal facilities. The fall in the value of sterling in 2017 gave us some respite but our tourist industry desperately needs a level playing field on VAT with our European competitors. At the very least that means an immediate cut to 10% on tourist accommodation.
Until the UK government addresses the issue of our excessive VAT rate on tourism, we will continue to struggle to be competitive and to find the funds to invest in seasonal facilities. The fall in the value of sterling in 2017 gave us some respite but our tourist industry desperately needs a level playing field on VAT with our European competitors. At the very least that means an immediate cut to 10% on tourist accommodation.