Punch Taverns becomes the latest company to join Jacques Borel VAT Club

By Mark Wingett

- Last updated on GMT

Related tags: Public house, Jacques borel vat club

Punch Taverns becomes the latest company to join Jacques Borel VAT Club
Punch Taverns has become the latest high profile company to join the Jacques Borel VAT Club, which is campaigning to reduce VAT to 5% in the UK hospitality industry.

The VAT Club now has almost 40 members across the pub, restaurant, hotel, brewing and foodservice sectors. These include Pizza Hut, Road Chef, Heineken UK, TGI Friday’s, JD Wetherspoon, Shepherd Neame, Fuller’s, Charles Wells, St Austell and Subway.
Roger Whiteside, chief executive of Punch Taverns, said: “We are delighted to join the VAT Club and fully support Monsieur Borel's efforts to reduce the VAT burden on pubs and bars in the UK. The economic case for a reduction in VAT in this sector is compelling as evidenced by similar changes elsewhere in Europe where thousands of jobs have been created as a result proving the leisure sector has a vital role to play in providing a catalyst to growth.
“Pubs are important in providing local employment opportunities particularly for young people and we must do everything we can to persuade Government to change their approach to this sector and work with us to stimulate investment and growth.”
Jacques Borel said: “I’m very pleased to welcome Punch Taverns to membership of my VAT Club. Reducing VAT to five per cent in the sector would be a very cost effective way of creating jobs in the UK, as many, many countries in Europe have already discovered.”

Related topics: Punch Pubs & Co

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