Reduce VAT for Hospitality and Small Business to 5% indefinitely.

We petition the Government and Parliament to reduce VAT in the hospitality industry and small businesses to 5%. The current 20% rate imposes a heavy burden, hindering growth and job creation. By lowering VAT, businesses can invest, retain employees, and improve services. This reduction is crucial for recovery from the COVID-19 pandemic, stimulating economic activity and attracting tourists. Many countries have adopted reduced VAT rates for hospitality, providing a competitive edge. We urge the Government to conduct an economic impact assessment to evaluate the potential benefits. Lowering VAT to 5% will support businesses, foster innovation, and strengthen communities. Let us join together to create a thriving and sustainable economy.