Ceredigion’s Welsh Liberal Democrat MP Mark Williams, has continue his campaign to reduce the rate of VAT charged on tourist attractions and hotels, visiting the Quay West resort in New Quay.
Mark Williams has launched a petition on this issue over the Summer, which calls on the Government to reduce the rate of VAT on hotels and tourist attractions from the standard 20% rate to a 5% rate. Research shows this measure, which has been successfully implemented in all but 2 other EU countries, will boost the local economy and create jobs. Indeed, new research published last week has shown that if implemented the move would create over 120,000 jobs across the UK
Commenting, Mark Williams said:
‘I’ve no doubt that Quay West contributes hugely to our local economy and would be assisted by a cut in VAT on the tourism industry. Research has indicated that this create an additional 6000 jobs in Wales.
‘This business told me that a cut in VAT would mean that they could lower prices, create more jobs and increase investment, which would have a critical knock on effect on the local economy.
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