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Penny Black to slash prices in support of VAT campaign
A NORTHWICH pub is to cut the price of all food and drink by 7.5 per cent on Wednesday, September 25.
The Penny Black in Witton Street is backing a national Tax Parity 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, in order to show the benefits of a VAT reduction to five per cent.
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.
The pub's manager, Gokhan Vural, said: "We are proud to support the campaign to reduce the level of VAT within the pub industry.
"Customers coming to the pub 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 Penny Black 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."
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