The government must reduce tax burdens on hospitality businesses in the upcoming budget announcement (28 October) to protect viability and stimulate employment, UKHospitality has urged.
According to the industry body, the budget represents a critical moment for the new administration to reform employment taxes. UKH has already outlined four core demands to lower operational overheads, including lowering VAT to 10%.
The proposals also call for business rate reforms, a reduction in employer National Insurance contributions through a higher threshold and replacing local tourism levies with a central tax rebate model.
Allen Simpson, chief executive of UKH, said: “Hospitality has always been a sector proud of its ability to offer anyone an opportunity – young people, school leavers, non-graduates and many more. It is one of the few sectors which creates jobs in every postcode.
“The government decisions in recent years have put that all at risk as hospitality’s tax burden has grown disproportionately to other sectors. Hospitality was a growth engine that has been pushed back into the pack. Hospitality is the solution to create jobs, help young people into work and drive growth in every postcode.”
He added: “This budget, under a new prime minister, is a moment for change. We have already seen promising signs from the new government in its approach to hospitality and I hope that this budget will see further backing for the entire hospitality sector.”
The government must reduce tax burdens on hospitality businesses in the upcoming budget announcement (28 October) to protect viability and stimulate employment, UKHospitality has urged.
According to the industry body, the budget represents a critical moment for the new administration to reform employment taxes. UKH has already outlined four core demands to lower operational overheads, including lowering VAT to 10%.
The proposals also call for business rate reforms, a reduction in employer National Insurance contributions through a higher threshold and replacing local tourism levies with a central tax rebate model.
Allen Simpson, chief executive of UKH, said: “Hospitality has always been a sector proud of its ability to offer anyone an opportunity – young people, school leavers, non-graduates and many more. It is one of the few sectors which creates jobs in every postcode.
“The government decisions in recent years have put that all at risk as hospitality’s tax burden has grown disproportionately to other sectors. Hospitality was a growth engine that has been pushed back into the pack. Hospitality is the solution to create jobs, help young people into work and drive growth in every postcode.”
He added: “This budget, under a new prime minister, is a moment for change. We have already seen promising signs from the new government in its approach to hospitality and I hope that this budget will see further backing for the entire hospitality sector.”
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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