The Night Time Industries Association (NTIA) has called for a reduction in VAT for all businesses in the Spring Budget to prevent the collapse of the night time economy. CEO Michael Kill emphasized the industry’s crisis, noting the devastating impact on businesses and individuals. He argued that a comprehensive VAT cut is essential for providing financial relief and supporting the sector, which significantly contributes to the UK economy. Kill urged the government to act swiftly to save countless businesses and jobs.
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