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Summer 2013


TAXING TIMES Time to reduce tax, to create jobs and stimulate growth Making sense of a fairer approach to tax in the hospitality industry Campaigners aiming to reduce the level of VAT in the hospitality sector, from 20 per cent to 5 per cent, are launching a national day of action. The VAT Club JB, headed by veteran VAT campaigner Jacques Borel, is organising a Tax Parity Day, across the UK, on Wednesday 25 September. It is calling on tens of thousands of publicans, restaurateurs and foodservice operators to reduce their prices by 7.5 per cent for one day only, to highlight the benefits of a VAT reduction to 5 per cent. And it is backing the campaign with 250,000 posters which will be distributed to venues to highlight the national day of action to customers. It is being backed by members of The VAT Club JB. These include pub operators J D Wetherspoon, Brains, Heineken, Shepherd Neame and Punch Taverns, family brewers, including Fuller’s, Charles Wells and St Austell, restaurant group Pizza Hut, hotel operator Mandarin Oriental, sandwich chain Subway and motorway services operator Roadchef.

In a large number of European countries, Jacques Borel has already campaigned effectively for the level of VAT in the hospitality sector to be reduced. He said: “Our aim is to secure a more equal tax treatment for food sold through pubs, restaurants and food-service operators, compared with that sold via supermarkets which benefit from a zero VAT rate. “We are calling on supporters of the campaign to reduce their prices by 7.5 per cent for one day. “This is the amount by which we believe prices would fall, if VAT were cut to five per cent, on the assumption that 60 per cent of any reduction would be passed on, in lower prices, to the customer. “So, for example, on Tax Parity Day, the total price of a meal and drinks for a family of four would be reduced from £60 to £54.60.” Mr Borel argues that a 7.5 per cent reduction on the day will lead to increased turnover of between 10 and 12 per cent for those operators taking part, as they will attract more customers to their outlets. In France, a similar campaign saw sales increase by eight per cent, on the day of action.

Tax parity will also fuel the creation of jobs which are broadly accessible and offer huge opportunity for personal and career development.

Mr Borel added: “Our argument is clear – 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.” J D Wetherspoon’s chairman, Tim Martin, said: “Wetherspoon wholeheartedly supports Jacques’s initiative for Tax Parity Day. “We’re aiming to make it our busiest day of the entire year. “Creating tax parity among pubs, restaurants and supermarkets will fulfil many government objectives. “It will create more jobs and raise the amount of taxes which the government receives, since pubs and restaurants pay more taxes and create more jobs than supermarkets do. “It’s a win-win situation for the government, voters and our industry.” Pizza Hut’s UK chief executive, Jens Hofma, said: “We are strong supporters of tax parity. “It will create a fairer competitive environment and contribute to the growth of a vibrant going-out environment. “Most important, tax parity will also fuel the creation of jobs which are broadly accessible and offer huge opportunity for personal and career development in a truly meritocratic sector.”

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KEY ISSUES Cut  VAT on food and create over 600,000 jobs.

Together, pubs and bars in the UK have a turnover of £21 billion.

In France, a tax reduction from 19.6 per cent to five per cent led to the creation of 225,000 jobs in the first year alone.

People buying food in pubs are paying 20 per cent  VAT, compared with zero in the supermarket – the eating-out market needs this cut.

We estimate that a cut in VAT now would create an additional 600,000 jobs over three years, at a cost to the government of £1,000 per job.

Last year, the pub and bar industry generated 1 in 8 of all new jobs in the UK.




Cut VAT on food and create over

600,000 jobs Cutting VAT in the hospitality sector will increase levels of eating out and result in more revenue for the government and employment opportunities If you are sitting reading this

in your local pub, then you will know just how far modern pubs and bars have come to deliver an ever better guest experience and service – good value food served throughout the day, great coffee and a warm social environment in which to meet friends or just take a break. But did you know just how important we are as a business – as a wealth and job creator? Together, pubs and bars in the UK have a turnover of £21 billion – and that the contribution we make to UK Plc has grown significantly over the past two years – despite and throughout the recession. At a local level, that translates into almost £170,000 a year invested in each and every local community.

GROWTH Our growth is being driven by food. Did you know that pubs and bars serve 20 million meals a week and almost four million cups of coffee? In fact, almost three quarters of us visit the pub primarily for food these days. And, of course, food-led pubs need to employ more people.

More than half a million people work in our sector, almost five per cent of the UK workforce as a whole. These are jobs in all regions and all skill levels – from bar staff to managers of multi-million pound turnover outlets. Our workplaces are vibrant and dynamic, with robust training and career structure. And last year we generated one in eight of all new jobs in the UK. In fact, in the time it will take you to finish this article and your drink, we will have generated another one! Impressive stats – but a decade ago, our job creation record stood at one in five of all new jobs. We want to get back to those levels and, with the right help, we could truly unlock that potential.

BARRIER So what is holding us back? Well there is no doubt that tax is the single biggest barrier to growth in our sector. The average pub pays just under half of its turnover in taxes and the costs we face from ever-increasing legislative controls are up 13 per cent. That is why the ALMR, as the voice of pub operators to Government, has been at the forefront of a pan-industry campaign calling for VAT to be cut to just

five per cent for eating and drinking out. Similar policies have been introduced in 13 EU member states, including Ireland, successfully boosting job creation, tourist revenue and revitalising the crucial hospitality industries. It is a policy that is being actively considered in Scotland.

BETTER DEAL More importantly, it would give you the consumer a better deal when you do decide to eat out – making an everyday treat better value. A recent survey found that if the Chancellor did cut VAT on eating out, 28 per cent of consumers would do so more frequently and 14 per cent of you would increase the frequency of eating out in pubs in particular. That spend over the bar would translate immediately through to jobs and investment in local communities and the high street in particular. We estimate that a cut in VAT now would create an additional 600,000 jobs over three years, at a cost to the Government of £1,000 per job. A VAT cut would not only stimulate ever greater economic growth by businesses in the sector. It would also counteract the unfair situation whereby

supermarkets are able to subsidise pocket money priced alcohol deals with the profits they make from VAT exempt food. Government tax policy is bizarrely pushing customers into the supermarkets and fuelling at home drinking. A perverse outcome for a government that is supposedly seeking to reduce alcohol related harms.

POSITIVE The Prime Minister recently said that pubs were the “safest and friendliest place to drink”. We want him to put his money where his mouth is and do something positive to encourage people back into the pub. Consumers, operators and Government – we will all fare better if VAT was cut to five per cent. Let’s thrive on Five!

Kate Nicholls Strategic Affairs Director

The ALMR is the national voice for pubs and bars. We exist to campaign for a fairer deal for retail operators with government, local authorities and other commercial stakeholders as well as championing the positive role they play in their local communities. Our members operate just over half of all managed pubs and bars in the UK – 13,500 pubs, clubs, bars and casual dining outlets employing 325,000 staff.




Family Brewers join the fight to reduce VAT charged in pubs Orchestrated by Jacques Borel, the campaign seeks to reduce the VAT charged in pubs to boost economic growth and employment The Family Brewers represent all that is best in the world of British pubs and beers. For generations these businesses have carefully nurtured and improved their properties to provide a warm welcome and great beer, and often a bite to eat or a place to stay. Family Brewers pubs are at the hub of the communities they serve, producing distinctive, regionally brewed ales and supporting regional suppliers through the use of locally sourced ingredients. You will still find the name of the brewery on a Family Brewers pub and that name is likely to indicate which cask ale is available inside. Family owned and run for many generations, Family Brewers, including Charles Wells, St Austell, Shepherd Neame, Daniel Thwaites, Fuller’s and Frederic Robinson, are constantly developing new products and brands to guarantee the quality, consistency and choice demanded by today’s discerning beer drinkers. Pubs have suffered due to the VAT increase, in January 2011, to 20 per cent, with many pub-goers opting to stay at

home. In 2012, as a reaction to the cost of eating out in the UK escalating by 7.5 per cent in the previous year, the Independent Family Brewers of Britain (the association for Family Brewers) decided to take action, making a significant contribution to help fund a campaign designed to reduce the VAT charged in pubs on drink, food and accommodation. Orchestrated by Jacques Borel, the campaign seeks to reduce the VAT charged in pubs to stimulate economic growth and employment. Having already achieved success in Germany, Belgium, Sweden and France, where a tax reduction from 19.6 per cent to five per cent led to the creation of 225,000 jobs in the first year alone, the influential French leisure entrepreneur and lobbyist is aiming to influence Government policy before the next general election. We believe campaigning for a VAT reduction is a really useful way to help both pubs and pub goers, by making the cost of eating out that bit more affordable for customers. When you consider that people buying food in pubs are paying 20 per cent VAT, compared to zero in the

When you consider that people buying food in pubs are paying 20 per cent VAT, compared to zero in the supermarket, the eating out market needs this cut

supermarket, the eating out market needs this cut. Pubs are beleaguered with tax and legislation so this campaign is to kickstart some economic growth and help landlords get their businesses and local communities into growth. Reducing VAT will help to regenerate high streets, giving a boost to the sector and creating new jobs as pubs get busier; this will particularly help youth unemployment as pubs take on junior help.

James Staughton, Chairman of the Family Brewers

Independent Family Brewers of Britain The Independent Family Brewers of Britain was founded in 1993 to defend the brewery tie and currently operates over 4,100 pubs in the UK; its members include some of the most respected brewers in Britain. The Family Brewers represent a distinct and unique sector of the UK brewing industry; owning regional breweries and pub estates, with the majority being private, family run businesses. Spanning generations, the 29 Family Brewer members’ currently employ around 37,000 people across their breweries and pubs.



British pubs are the envy of the world – let’s keep it that way Brian and Katherine Jervis own the Cider House at Wootton Green, Shropshire. They are suffering from the high rates of  VAT imposed on the pub industry and feel that publicans need to back Jacques Borel’s campaign. It’s the kind of quirky place that makes British pubs the envy of the world. Mischievously secreted down an obscure country lane in Shropshire, the Cider House at Wootton Green takes some finding. And when you’ve found it you can’t even reward yourself with a pint of beer. On the bar you’ll see only ciders, and behind it the most basic choice of spirits. The ‘menu’ consists of ham rolls and cheese and onion rolls. And that’s it. As licensee Brian Jervis says, “We’re the original pub with no beer – and that’s what I’m so proud and passionate about.” Yet soaring business costs, and principally the punishing rate of VAT, is threatening the survival of a precious hidden gem. The Cider House first opened in 1846 and Brian, along with his wife Katherine (pictured), started working there as managers for Bulmers 30 years ago, buying the freehold off the cider maker in 1986. Since then he’s been the custodian of a peculiar tradition, ensuring the Cider House remains an unspoilt eccentricity while adding a mobile bar operation that visits shows and festivals around the region. As well as that his son Peter has taken his own pub, the Green Dragon at nearby Little Stretton. It’s a family success story, earned by hard work.

“We’re out in the wilds here,” he says. “But Wolverhampton is only 15 miles away and a lot of people take a trip out to the country to drink our cider. We get a cross-section of the community, it’s quite multicultiral in fact. The only thing they have in common is they all like cider.” Westons makes an exclusive draught brand just for the pub, a 7.2 per cent abv sweet cider called Special, and also supplies it with Stowford Press, GL and its new launch Rosie’s Pig. They are sold alongside Thatcher’s Gold and Brian’s own make. “I bought a cider press last year and we trade as the Shropshire Cider Company. It’s going well,” he says. In spite of Brian’s dedication and entrepreneurial flair, the VAT is sucking away at his profits leaving him with little to show for it. “Things are getting very tough,” he says. “Trade has taken a bit of a dip, but to be honest it hasn’t been too bad. The problem now is what we make out of the business for all the effort we put into it. “Between the family’s two pubs I’ve worked out we’ve paid £1.2 million in VAT over the last 10 years. Last year we were doing very well, then we got a £47,000 VAT bill for the summer quarter alone. It wiped out everything we’d made.” The VAT hike to 20 per cent hit the business hard, he says. “We’ve got nothing left to reinvest. Another year of this and we’ll have to sell up and get out. Pubs have been closing all around us and I fear it’ll be us next.

Can’t politicians see pubs are closing? Don’t they see what they’re doing to this industry?


“After 30 years I would have expected to have got more out of it. And if we go I can see the pub becoming somebody’s house. I don’t want to see that happen.” He’s not giving up without a fight, throwing his weight behind the campaign to cut VAT for hospitality businesses. “I’ve seen what Jacques Borel achieved in France, and the jobs that have been created as a result of the VAT reduction. If that happened here we’ll be able to expand the business, especially the mobile bars. But as it is we can’t afford to buy new equipment. All the money we make is absorbed by VAT and other costs, like the rates and bank charges.


“Everything is stacked against us. But VAT has to be the priority. Even when it came down to 15 per cent it helped.” The challenge is to get politicians to listen. “I’d like to get them to sit down and talk to us, hear ordinary publicans state their case,” says Brian. “Can’t they see pubs are closing? Don’t they see what they’re doing to this industry? “It’s the way they’ve run the country that’s got us into this mess. And now it’s people like us who are paying for their mistakes.”


Summary of 52 years’ lobbying (105,000 hours) BY JACQUES BOREL In 1950, after graduating from Hautes Etudes Commerciales business school, I was the best IBM salesman on my first year of sales and was promoted to president of IBM Vietnam at the age of 25. In 1957, my wife and I made the decision to open a restaurant, with the ambition of opening 100 in 20 years. One of the main problems which we faced was obtaining a vote from the French parliament for the fiscal charge of sales tax to be changed into value-added tax. Otherwise, VAT charged on all investments was not claimed or reimbursed. At that time, only industry was subject to VAT. Services were subject to a sales tax, as in the US, which was unable to be reimbursed; as such, restaurants/hotels were forced to invest 115, instead of 100: a financial disaster. I sold my idea to the inventor of VAT, Mr Maurice Lauré (1954) and convinced him to do two things: a) Obtain an appointment with Antoine Pinay, finance minister of General de Gaulle. b) Obtain equal terms for industry and services from Antoine Pinay. It took me three years, between 1961 and 1964, and three ministers of finance to obtain that parity of treatment. Unfortunately, the 15 per cent rate of VAT obtained was too high for the hospitality sector and it took another three years to obtain a decrease of VAT from 15 per cent to 6 per cent for hotel accommodation (for tourism reasons), canteens (social reasons) and take-aways (equality with food sold in supermarkets). I was promised by my fourth minister of finance, Michel Debré, that I would

obtain this kind of VAT decrease for restaurants in a maximum of five years: it actually took 42 years (1967–2009) to achieve. However, Michel Debré was more than fair to me. He obtained exemption from income tax and no social security for meal vouchers, 50 per cent of which were paid by employers, from President Charles de Gaulle and Prime Minister Georges Pompidou. This amounted to a tax-saving of nearly £2.50 per day, per employee, meaning over £500 of tax saved annually, per employee. I then negotiated the same tax benefit in 42 countries, from Italy to Brazil, from the USA to Japan – more than 40,000 visits – a total exemption worldwide of £17.5 billion. Two failures: Iran and the USA, where, despite 6,000 visits in 10 years to the congress of the USA, the write-up of five draft bills, more than 20 visits to Dan Rostenkowski, chairman of the House Ways and Means Committee, eight visits to Bob Dole, head of the Republican Party in the senate, three visits to

President Ronald Reagan, I was beaten by one vote in the US senate. The loss suffered was $16,000,000/ 10 years’ lobbying. The meal voucher (‘ticket restaurant’) developed with an investment of £120,000 is today worth £5 billion on the Paris Stock Exchange and serves 35,000,000 users every business day in 40 countries. On top of that, it took me 210,000 hours’ work to create a chain of 1,042 restaurants, 35 hotels/15,000 rooms (the original goal was 100 restaurants in 20 years). In 2000, after 12 years’ work in the USA, Argentina, Japan and Mexico, I came back to Europe. The VAT cut was no more advanced in Belgium, France, Germany or the United Kingdom. European conditions had worsened; no country could decrease VAT without the unanimous vote of the 15 European Union members. I then visited restaurant associations in Belgium, France, Germany, Ireland and Sweden, signing contracts with most of them. The difficulty increased in 2003 when the 15 European Union members

became 27: the challenge was to obtain 27 signatures of 27 ministers of finance at the same time. Fortunately, I obtained a position for six years as adviser at the European Union Commission, in Brussels: a lot of work, but a key position for obtaining information and influencing people. It took 30,000 hours’ work, 9,700 visits (including more than 3,000 in Brussels) to obtain the unanimous vote of 27 ministers of finance on Tuesday 5 May 2009 at 16:14 (a memorable moment). I was helped considerably by Nicolas Sarkozy, president of the French Republic (visited four times), Christine Lagarde, minister of finance, Luc Chatel and Hervé Novelli, ministers of tourism, André Daguin, president of UMIH (French Restaurant Association), Ingrid Hartges, secretary general of DEHOGA in Berlin and Yvan Roque, president of HORECA in Belgium. Belgium, Finland, France, Germany (accommodation only), Ireland and Sweden decreased their VAT rates for restaurants in 2009, 2010 and 2011.

Since May 2009:

May 2009

VAT Club JB concentrates its efforts in the United Kingdom.

Spring 2012

More than 2,000 visits to attract 50 members to the  VAT Club JB, enabling financing of £700,000 of the £1,500,000 necessary.

March 2013

Lobbying the treasury and MPs starts in the spring of 2012 and accelerates in autumn 2012.

April 2013

The chancellor eliminates the beer duty escalator and reduces beer duty by 1p per pint: a great victory by Andrew Griffiths (MP) and the whole profession. George Osborne said: “It is just the beginning.”

Total hours worked in 63 years:

210,000 operations 105,000 lobbying 315,000 total, to create 1,200,000 jobs



A fairer tax system would benefit pubs and the wider economy Why I believe that tax equality would stimulate growth and employment across the whole catering sector Tim Martin is chairman and founder of Wetherspoon

It has often been pointed out that pubs have lost about 50 per cent of their beer sales to supermarkets in the last 30 or so years. A recent authoritative report said that, overall, pub sales are down by over 20 per cent since 2007. Some of this reduction relates to the 10,000 pubs which have closed over recent years, but it also reflects the huge pressure on many other pubs – especially those in small communities and perhaps in less-well-off areas.

COUNTER-PRODUCTIVE The first principle of taxation is that it should be fair and the second principle is that it should not be counter-productive, for example by encouraging Britons to go to Calais to buy their drinks, thereby losing jobs and taxes for the economy. Sainsbury’s chief executive, Justin King, has justifiably pointed out

that supermarkets are at a disadvantage, compared with Amazon (and some other Internet retailers), since they pay little or no corporation tax, pay almost no property taxes and create fewer jobs than supermarkets do. Since we all support the principle of job creation and fair taxes, few people would disagree with Justin’s viewpoint.

HIGHER TAXES Nearer to home, however, we say that pubs should not pay higher taxes than supermarkets either – but they do! This is because supermarkets pay no VAT on their food sales, yet pubs pay 20 per cent. What is the logic or fairness in that? The answer is ‘none’ – and virtually no one disputes the issue. The effect of the supermarkets’ ‘tax break’ is that they can afford to subsidise the price of their alcoholic drinks, owing to the absence of VAT in respect of food. This has gradually eroded the competitiveness of pubs as

the years have gone by, especially as VAT increased from about 8 per cent in the 1970s to 20 per cent today. Wetherspoon, Fuller’s, Young’s, Charles Wells, the Family Brewers and Heineken, to name but a few, are backing the campaign of legendary French restaurateur Jacques Borel to reduce VAT in pubs to 5 per cent. Jacques has done the sums and has led successful campaigns in a large number of European countries for bar and restaurant VAT reductions, as he discusses on page five. Jacques’s evidence demonstrates that creating tax equality between pubs and supermarkets would greatly increase employment and would soon create more tax for the government than it loses through the initial tax reduction.

TAX DISPARITY The government and opposition, along with the rest of us, are keen to increase employment levels and realise that

The first principle of taxation is that it should be fair and the second principle is that it should not be counter-productive



regenerating high streets and empty shops is key. The tax disparity between supermarkets and pubs is most keenly felt in low-income areas, since the price difference which is created is more noticeable and important to customers in those areas. If Jacques’s campaign is successful, it will do far more than Mary Portas did, despite her sincere efforts, to create jobs and prosperity in the areas which she targeted.

CREATING JOBS Walk down any prosperous high street, with few or no empty shops, and you will find a high percentage of successful cafés, restaurants and pubs, all creating jobs and taxes. Have a look in towns with many closed shops – and you will not see as many successful catering businesses. Wetherspoon alone pays over half a billion pounds of taxes per annum and it’s our sincere ambition to double our payments to the revenue by expanding our business. What prouder boast could a company have than to achieve this goal? We support Justin King in his campaign for tax equality with Amazon, while he and others should support Jacques Borel’s campaign for effective tax parity between supermarkets and pubs.


VAT’ll do nicely

By Rob Willock, editor of the Publican’s Morning Advertiser The pub industry didn’t know quite how to react when Chancellor George Osborne announced in his Budget speech in March that the beer duty escalator was to be scrapped and that he would take a further 1p of tax off the price of a pint. The sector hasn’t had much to cheer about from the Treasury in recent years. The tax raid on the sector has been relentless to the point where many pub companies have started to question the wisdom of investing further in their businesses when they deliver substantially more ‘profit’ to the government than to their own shareholders.

TOKEN GESTURE So a tax break, however small, was a welcome respite. But would it be just a one-off token gesture to pacify a noisy campaign, or would it set a precedent for further support? We all had cause for optimism when Mr Osborne told a small group of pub company leaders that his tax cut was “just

the beginning” of government help for the sector – particularly as he recognised the potential for pubs to help solve the country’s youth unemployment problem (around one million 16-24 years olds are currently not in work). The obvious conclusion to draw from this hint was that the Chancellor would give serious consideration to addressing another big tax injustice levied on pubs; namely the fact that pubs are charged 20 per cent VAT on all food sales, while supermarkets pay virtually no VAT on food sales.

UNFAIR ADVANTAGE This means that supermarkets can effectively subsidise cheap alcohol deals off the back of an unfair advantage on food sales. The Publican’s Morning Advertiser recently discovered a Tescoowned convenience store selling four litres of super-strength Frosty Jack’s cider for £5 – a deal that would allow the average woman to exceed her weekly recommended maximum 14 units of alcohol in one ‘sitting’ for less than £2.50. The growing price gap between

A cut in VAT for pubs from 20 per cent to 5 per cent would ‘level the playing field’ between pubs and supermarkets, allow pubs operators to reduce their prices and thereby attract more customers

alcoholic drinks in pubs and supermarkets – driven to a great extent by the tax differential – means that an increasing proportion of alcohol consumed in the UK is drunk away from the safe, supervised and regulated environment of the pub. A cut in VAT for pubs from 20 per cent to 5 per cent would ‘level the playing field’ between pubs and supermarkets, allow pub operators to reduce their prices and thereby attract more customers, and also provide a major incentive for pub operators to invest more in their businesses (for higher returns) and employ more youngsters.

COMPELLING These arguments are pretty compelling, and yet they were recently dismissed by Andrew Griffiths, the very Conservative MP hailed by the Chancellor as the leading light of the beer duty campaign. He told me that “your wishes for a VAT cut have about the same prospects as your beloved Crystal Palace have of lifting the Champions League trophy”. If you know your football, you’ll understand that that is a withering put-down! Griffiths’ counter-arguments include: affordability – that the government cannot justify a multi-billion pound giveaway when the economy is in such a precarious state; health – that the

government cannot be seen to be making concessions to the alcohol trade; and scope – that any VAT cut for pubs would also have to involve VAT cuts for big multinationals like KFC, McDonald’s and Starbucks, whose corporation tax contributions to the country’s exchequer are already minimal.

CREATE JOBS To those points, I would simply respond: can the government really afford not to offer this targeted support for economic and employment growth? It will not want to take a record of failing to tackle youth unemployment into the next general election. And it knows that no other sector can create jobs as quickly and meaningfully as hospitality, if it is given the right incentives. Any short-term losses to the Treasury from a VAT cut will quickly be offset by resultant higher GDP growth, VAT registrations and corporation tax receipts, and by lower unemployment benefit payments. A lot of people doubted that we’d get a beer-duty cut – hence the rather muted reaction. If we now get another tax break in the form of a VAT cut, we will know how exactly to react this time. With investment, jobs and economic growth.

The Publican’s Morning Advertiser (PMA) – founded in 1794 – is the only weekly magazine serving the pub sector, and is distributed free of charge to 30,000 pubs and bars across England and Wales. Its website is accessed by more than 100,000 users per month. The PMA has led industry calls for a cut in VAT to 5 per cent via its “Thrive on 5” campaign.





TAXING TIMES Special Edition - Summer 2013  
TAXING TIMES Special Edition - Summer 2013  

TAXING TIMES Special Edition - Summer 2013. Time to reduce tax, to create jobs and stimulate growth. The Vat Club Jacques Borel is campaigni...