Pub­setto slashVAT on­food and­drink

Stirling Observer - - FRONT PAGE - Chris Marzella

A Stirling pub is to cut the price of all food and soft drinks to high­light the ben­e­fit of a VAT re­duc­tion.

The Crossed Peels in Spit­tal Street will drop its prices by 7.5 per cent on Wed­nes­day Septem­ber 20 as it backs a na­tional Tax Equal­ity Day, aimed at high­light­ing the ben­e­fit of a VAT re­duc­tion in the hos­pi­tal­ity in­dus­try.

Prices at the Wether­spoon pub will be re­duced for one day only.

At present all food and drink in pubs is sub­ject to 20 per cent VAT, com­pared to su­per­mar­kets which ben­e­fit from a zero VAT rate on all food.

As a re­sult, su­per­mar­kets are able to use that sav­ing to sell al­co­hol at a dis­counted rate.

The pub’s man­ager, Stephen Reynolds, ex­plained: “We are proud to sup­port the cam­paign to re­duce the level of VAT within the pub in­dus­try.

“Cus­tomers com­ing to the pub on Wed­nes­day Septem­ber 20 will find that the price of their food and soft drinks is lower than nor­mal.

“We are keen to high­light the amount that cus­tomers could save if VAT in pubs was low­ered per­ma­nently.

“So, for ex­am­ple, the to­tal price of a meal and soft drinks for an in­di­vid­ual would be re­duced from £10 to £9.25 on Tax Equal­ity Day.

“A re­duc­tion in the level of VAT on a long-term ba­sis will gen­er­ate growth and cre­ate jobs in the im­por­tant leisure and hos­pi­tal­ity sec­tor and help the high street of which pubs are an in­te­gral part.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.