Question to the HM Treasury:
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.
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.