Industry Experts Warn of Negative Impact on Hospitality Trade
Industry experts are warning that the implementation of a Taxi Tax on minicabs could result in five million fewer trips to restaurants, bars, and pubs each year. The hospitality trade, which heavily relies on 15 million cab journeys annually, could face further struggles if VAT is forced on taxi journeys.
Fares Could Rise by a Fifth
Campaigners are urging the Chancellor to block the planned hike, as new polling from YouGov suggests that a 20 percent increase in fares could cause a one-third decline in cab trips. The prospect of fare hikes follows a recent High Court ruling that may require private hire companies to charge VAT, a cost likely to be passed on to passengers.
Pressure Mounts on Chancellor Jeremy Hunt
Chancellor Jeremy Hunt is facing mounting pressure to prevent the implementation of the Taxi Tax. Former minister Jonathan Gullis argues that burdening people and businesses with an unnecessary new tax, particularly in an election year, makes no sense. Gullis emphasizes the potential negative impact on struggling pubs, bars, and restaurants, as well as communities across the country.
Hospitality Industry at Risk
The British Beer and Pubs Association warns that the Taxi Tax will further strain an industry already facing challenges. The increased travel costs may dissuade many individuals from going out altogether, directly impacting establishments throughout the country.
Public Opposition to Taxi Tax
A campaign called Stop the Taxi Tax highlights YouGov polling, which reveals overwhelming opposition from the British public. Nearly 70 percent of adults in the UK are against a 20 percent VAT hike, with over 25 percent expressing anger toward the proposed tax.
Did you miss our previous article…
https://hellofaread.com/politics/michelle-oneill-becomes-first-nationalist-to-be-sworn-in-as-first-minister-of-northern-ireland/
