UK Trade Association Pleads for Flood Moratorium

25th July 2007 (Last Updated July 25th, 2007 10:29)

The British Hospitality Association (BHA) today urged the UK Government to give a six-month moratorium on VAT, national insurance and business payments for hospitality and tourism businesses affected by the recent floods. The UK's National Trade Association is also asking the governmen

The British Hospitality Association (BHA) today urged the UK Government to give a six-month moratorium on VAT, national insurance and business payments for hospitality and tourism businesses affected by the recent floods.

The UK's National Trade Association is also asking the government to write to banks and utilities to request they do not press for payment on outstanding amounts during what it describes as a 'catastrophic time.'

"Not only have the floods come at the height of the domestic holiday season, but the damage caused will take many months for businesses to recover," says BHA CEO Bob Cotton.