Saturday, September 21, 2013
An Exmouth pub is slashing its prices for a day to highlight how the town’s hospitality industry could benefit from a tax cut.
The Powder Monkey, in The Parade, is backing a national Tax Parity Day on Wednesday, September 25.
Prices at the Wetherspoon pub will be reduced for one day only by 7.5 per cent to show the benefits of a VAT reduction.
At present all food and drink in pubs is subject to 20 per cent VAT, compared to supermarkets which benefit from a zero VAT rate.
Rachel Durley, manager, said: “We are proud to support the campaign to reduce the level of VAT within the pub industry. Customers coming here on Wednesday, September 25, will find the price of their drink and food is lower than normal.”
“We are keen to highlight the amount customers would save if VAT in pubs was lowered.
“So, for example, the total price of a meal and drinks for a customer at The Powder Monkey would be reduced from £10 to £9.25 on Tax Parity Day.”
Wetherspoon chairman Tim Martin added: “A reduction in the level of VAT on a long-term basis will generate growth and create jobs in the important leisure and hospitality sector.”