Hospitality Industry: Taxation
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential cumulative impact of business rates, VAT, alcohol duty and employer National Insurance contributions on levels of profitability in the hospitality sector.
Answered by Dan Tomlinson
The Government has assessed the cumulative impacts of measures announced over recent Budgets on businesses and households. Taken together, these measures raise revenue to support the public finances in a fair way, whilst providing targeted support. The Government recognises that recent policy changes will have combined effects on some businesses. Where changes are made, relevant assessments and impact notes are published to inform stakeholders. The Treasury continues to engage with affected sectors to understand the challenges they face and to ensure the UK remains a competitive place to do business. We will continue to monitor the situation closely and keep our policy approach under review, with future tax decisions taken at fiscal events under the normal process.
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