Tourism: VAT

(asked on 21st July 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will estimate the potential number of jobs that would be created by a reduction in VAT for the tourism industry.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 10th September 2015

HM Treasury has previously considered the economic analysis provided by the tourism sector on the impact a VAT cut would have on economic growth and jobs. The conclusion the Government reached is that a VAT cut for the sector would not produce sufficient economic growth to outweigh the revenue shortfall.

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