A cut in value added tax for the tourism and leisure industry would boost visitor numbers and jobs, UK tourism leaders have told the Chancellor.
Led by the chief executive of the British Hospitality Association, Ufi Ibrahim, 10 senior industry figures have obtained access to the economic models used by the Treasury, and concluded a 5% VAT rate on tourism would be tax neutral for the Government and would boost the economy by £4 billion a year in increased visitor numbers.
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