Written question asked by Stella Creasy (Labour) on Monday, 20 July 2020, in the House of Commons. It was due for an answer on Tuesday, 1 September 2020 (named day). It was answered by Jesse Norman (Conservative) on Tuesday, 1 September 2020 on behalf of the Treasury.
Gyms: VAT
- Question
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To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of extending the VAT reduction for the hospitality and leisure sectors to yoga and fitness studios and gyms.
- Answer
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In light of the Covid-19 outbreak, the Chancellor has introduced a range of measures to help individuals and businesses through the crisis, including grants, loans and relief from business rates at a cost of more than £300 billion.
The temporary reduced rate of VAT will support the tourism and hospitality sectors and will help over 150,000 businesses and protect over 2.4 million jobs. Expanding the scope of the temporary VAT reduction would come at a considerable cost to the Exchequer. However, the Government keeps all taxes under review.
Secondary information
- Type
- Written question
- Reference
- 76680
- Session
- 2019-21
- Subjects
- VAT Exercise Gyms Yoga
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2020-09-01 15:29:52 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/76680
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