Wetherspoons reduces prices for a day in VAT cut campaign
A Derbyshire pub is to cut the price of all food and drink by 7.5 per cent on Thursday September 19.
The Pillar of Rock in Castle Street Bolsover is supporting Tax Equality Day, aimed at highlighting the benefit of a VAT reduction in the hospitality industry.
Prices at the Wetherspoon pub will be reduced for one day only.
So, for example, the total price of a meal and drinks for an individual will be reduced from £10 to £9.25 on Tax Equality Day.
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 on all food.
As a result, supermarkets are able to use that saving to sell alcohol at a discounted price.
The pub's manager, Joanna Lowe, said: "We are proud to support the campaign to reduce the level of VAT within the hospitality industry.
"Customers coming to The Pillar of Rock on Thursday September 19 will find the price of their food and drink is lower than normal.
"We are keen to highlight the amount customers could save if VAT in pubs was lowered permanently."