Bidvest 3663 has become the first major foodservice distributor to join the VAT Club Jacques Borel.
Chief executive Andrew Selley said: “We are pleased to have joined VAT Club Jacques Borel, which aims to reduce the level of VAT in the hospitality sector from 20 to five per cent. A number of our customers are members of the VAT Club and as a large supplier operating within the sector, we want to do what we can to help.
“The reduction in VAT would enable the hospitality sector to better compete with food retail, where the VAT rate on the majority of food products is zero per cent.
“Reduced rates would allow our customers to charge lower prices, thereby getting more customers in through the door, which would promote growth within the sector. The move would also create more jobs and free up more investment in the industry to spend on wages and training.”
VAT Club JB chairman Jacques Borel added: “We are delighted to welcome Bidvest 3663 to the campaign to reduce VAT. The company is at the heart of the hospitality sector, serving thousands of customers daily. It fully understands how a reduction in VAT would boost all of those working in this important sector of industry.”