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Payment protection: VAT hike 'may reduce tourism'

Tourism in the UK may be adversely affected by the VAT hike, an expert has said.

Mary Rance, chief executive of UKinbound, a trade association which represents the interests of the UK's inbound tourism businesses, claims that this increase in VAT comes on top of a number of other taxations tourists face when entering the UK.

She said: "Other European countries have actually reduced VAT on hospitality to encourage tourism because it makes such a big contribution to the economy.

"We are concerned that this should be addressed, and the increase in VAT gets reviewed as soon as possible with a view to getting it reduced, particularly on hotels and restaurants."

Ms Rance added that although the VAT hike is not a deciding factor for many tourists, it will negatively impact the competitiveness of the UK as a destination.

Research from sunshine.co.uk revealed that more than one in ten Brits would consider moving abroad for a lower cost of living following the increase in VAT.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.
 ADNFCR-2776-ID-800340498-ADNFCR



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