Hospitality leaders urge Rishi Sunak not to hike VAT rate in his autumn budget as the sector recovers from Covid lockdowns More than 200 hospitality leaders asked the Chancellor not to up their VAT rate They warned Rishi Sunak that keeping the tax at 12.5 per cent was 'vital' for recovery Business leaders including the heads of Pizza Express and Caffè Nero signed the letter
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More than 200 hospitality industry leaders have written to Rishi Sunak urging him not to up their VAT rate.
Ahead of Wednesday’s Budget, they have warned the Chancellor they face devastation if the tax is returned to its pre-pandemic level of 20 per cent.
VAT for the sector was reduced to 5 per