HOSPA supports British Hospitality Association (BHA) open letter to Government calling for VAT cut to 5%
HOSPA (Hospitality Professionals Association for Finance, Revenue Management and IT) Chief Executive Carl Weldon said: "HOSPA wholeheartedly supports the open letter to Government, written by the British Hospitality Association (BHA) and industry leaders, calling for a reduction in VAT to 5% for the UK tourism sector. Such a move represents a 'win-win' situation for the hospitality and tourism industry, the consumer and Government – including an additional £2.6 billion to the Exchequer over the next decade."
HOSPA (Hospitality Professionals Association for Finance, Revenue Management and IT) is a non-profit educational organisation which has evolved from BAHA (British Association of Hospitality Accountants) which was formed in 1969. The aim of HOSPA is to bring together those hospitality industry professionals involved in Financial Management, Revenue Management and IT. Whereas BAHA has been recognised as the UK"s authoritative voice in the hospitality industry on financial management, technical accounting issues, taxation, and hotel valuation, HOSPA now is additionally the leading arena for debate on hotel systems and Revenue Management topics through their annual Conference and meetings programmes. The membership has expanded to nearly 1,100 members. HOSPA – which has provided an industry specific, hospitality focused programme in Financial Management for over 23 years – has recently introduced similar programmes for Revenue Management and IT. For more information, visit: www.hospa.org
HOSPA Chief Executive Carl Weldon
Head of HOSPA Membership and Events