Extend VAT cut to help pubs when they can trade again: CAMRA
Commenting on the Financial Secretary to the Treasury Jesse Norman MP’s comments in the House of Commons yesterday that the Government have no plans to extend the reduction in VAT beyond 31st March, CAMRA Chairman Nik Antona said:
“As ministers plan for what re-opening might look like once lockdown begins to be lifted, they must now commit to extending the cut in VAT for as long as pubs are operating at a reduced trade under restrictions like the curfew.
“Pubs have been closed for months so they haven’t been able to benefit from the reduced rate of VAT. Pubs that don’t serve food deserve help too which is why CAMRA wants this VAT cut extended from food to also include alcoholic drinks so those community locals can benefit once they’re allowed to trade again.
“In addition to help with VAT and extending the business rates holiday for another year, the Chancellor should also cut duty on beer served on tap in pubs and social clubs, helping them to get back on their feet, compete with supermarket booze and thrive in the months and years to come.”