The Tourism Alliance, the Tourism Society and British Destinations are hosting the second ETW Conference on 1st April 2019 at the RAF club in London. This timely conference, being held on the first working day after the UK leaves the EU, features a keynote speech from the Tourism Minister, Michael Ellis MP, alongside a range political and industry experts highlighting the key challenges and opportunities facing the UK tourism industry at this crucial juncture. Click here to book
While all other major European tourism destinations apply a Reduced Rate of VAT to tourism products (averaging 10.5%), the UK applies the Standard Rate of 20%. This puts the UK at a severe competitive disadvantage. Reducing VAT to 5% on accommodation and attractions will create 80,000 jobs and provide a return to the Exchequer of £2.6 billion over 10 years.
The UK's Air Passenger Duty (APD) has risen over 360% since 2007 and is now the highest passenger tax in the world. Research by PWC shows that significantly reducing or abolishing APD would provide an immediate and lasting boost to UK economic growth and be revenue neutral for the Exchequer.
The Tourism Alliance is calling on Government to take the opportunity to provide a £2.2bn boost to the UK tourism industry and create 40,000 new jobs by cutting unnecessary EU Red Tape which restricts domestic tourism growth through reforming the Package Travel Regulations to exclude Value-Added products.