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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.”
*Terms apply.
