Cavendish
London cuts room rate in support of VAT campaign
The Cavendish London is
getting behind the British Hospitality Association's (BHA) Campaign to reduce
the rate of VAT in the industry from 20 per cent to five per cent.
The hotel will be the
first in the UK to simulate the proposed lower rate of VAT on its room rates
during the summer months.
The industry’s on-going
campaign to reduce the rate of hospitality VAT will support long-term and
sustainable growth for the UK economy.
Independent research
shows that a VAT cut on visitor accommodation and attractions would have three
massive benefits: it would drive £4 billion of new revenue into the UK, create
80,000 jobs and would not cost the Government anything.
General manager for the
Cavendish London, Neil Braude said: “By offering a reduced room rate to
simulate less VAT, we are providing our customers with a more affordable stay.
In turn, we aim to promote the impact an increase in business and leisure stays
will have on the economy, including the creation of new jobs. Ultimately, we
hope the Government gets behind this campaign.”
P.S:
content credit and copied from: http://www.hotelowner.co.uk/index.php/hotels/1002-cavendish-london-cuts-room-rate-in-support-of-vat-campaign.html
nice move by cavendish london
ReplyDelete