Diners will be able to enjoy food and drink at reduced prices on September 24 as part of a national tax campaign.
Malhotra Leisure Group, which owns bars, restaurants and hotels across Tyneside, is taking part in Tax Parity Day.
The campaign is calling for a 5% cut in value added tax so that restaurants, pubs and bar operators can enjoy the same tax breaks as supermarkets, which benefit from a zero VAT rating.
The Newcastle-based Malhotra Group has decided to support the action by cutting VAT by 7.5% on the day, which will see customers being able to eat and drink at their bars and restaurants at a reduced price.
Visitors to Scalini’s and Osborne’s at Osborne Road, Jesmond, the Three Mile Inn, Gosforth and The Market Lane, Pilgrim Street, Newcastle, will all see prices slashed on September 24.
The offer will also extend to the company’s other outlets –The Duke of Northumberland pub at Clayton Street, The Butchers Arms, Byker, The Runhead Bar and Grill at Ryton and The Sandpiper at Cullercoats.
The 7.5% reduction is being suggested by the campaign organisers to reflect the amount they believe prices would fall by for customers if value added tax for the leisure industry was reduced by 5%.
Atul Malhotra, Director of Malhotra Leisure, says it is only fair that hospitality operators be given the same tax breaks as the big supermarkets.
“It is time that a more equal system is put in place for anyone working in any area of the food industry. As one of the biggest leisure companies in the North East we felt it was important to support Tax Parity Day and by putting in place this reduction are not only giving our customers a great deal but highlighting the importance of this campaign.
“We believe that if the Treasury does take this on board it can only be good for the leisure and hospitality industry and will generate growth and create jobs.”