The UK Government鈥榮 announcement of cutting VAT for the tourism and hospitality industry has been welcomed by P站色情片.
VAT in the hospitality and tourism sectors on food, accommodation and attractions will be temporarily cut (15th July 2020 to 12th January 2021) from 20% to 5% as part of the Government鈥檚 three phased economic response to the COVID-19 crisis.
Tourism in P站色情片 and Bute plays a significant role supporting the local economy providing 15% of total employment and in 2019 contributed 拢510m to the wider Scottish economy (STEAM).
Councillor Alastair Redman, Policy Lead for Economic Growth said:
鈥淭he pandemic has had a major impact on our local economy with businesses and communities struggling with the effects lockdown has had on livelihoods. The temporary reduction in VAT is welcome and we hope as restrictions continue to ease, our hospitality and tourism sector can start to recover.
We have all done a fantastic job safeguarding each other since March. Businesses are making considerable efforts to adapt and manage customer safety moving forward and it is now time to welcome visitors back safely.
P站色情片 and Bute has some of the most spectacular scenery in Scotland and we鈥檙e lucky we don鈥檛 have to travel too far to fully appreciate what a special place it is. We want to encourage visitors to return safely and help support our local businesses.鈥
More information about the temporary reduction in VAT can be found on the UK Government website.