A Skegness pub is to cut all food and drink prices by 7.5 per cent for one day later this month as part of a country-wide tax cut campaign.
The Red Lion in Lumley Road is backing a national Tax Parity Day on Wednesday, September 25.
The campaign is aimed at highlighting the benefit of a VAT reduction in the hospitality industry.
Prices at the Wetherspoon pub will be reduced for one day only, in order to show the benefits of a VAT reduction to five per cent.
At present all food and drink in pubs is subject to 20 per cent VAT, compared to supermarkets which benefit from a zero VAT rate.
The pub’s manager, Paul Garrod, said: “We are proud to support the campaign to reduce the level of VAT within the pub industry.
“Customers coming to the pub on Wednesday, September 25 will find the price of their drink and food is lower than normal.
“We are keen to highlight the amount customers would save if VAT in pubs was lowered.
“So, for example, the total price of a meal and drinks for a customer at The Red Lion would be reduced from £10 to £9.25 on Tax Parity Day.”
Wetherspoon chairman Tim Martin added: “A reduction in the level of VAT on a long-term basis will generate growth and create jobs in the important leisure and hospitality sector.”