A new campaign called Save Our Salons is urging salon owners to unite and lobby their local MPs to push for an immediate reduction in VAT from 20 per cent to 5 per cent.
Save Our Salons (saveoursalons.co.uk) provides salon owners with a directory of MPs and a template letter to download that sets out the argument for the VAT cut, which can be customised with individual salon details. Letters should then be emailed or posted to your local MP, and shared with @SaveOurSalonsUK using #SaveOurSalons.
Hairdressing is one of the most heavily taxed industries on the high street, with about one-third of every £1 coming through the tills being paid in tax. It’s believed most salons trade at between 3 per cent and 5 per cent profit, or £3 to £5 for every £100. For every £100 of revenue, a reduction in VAT to 5 per cent, which the hospitality industry already enjoys, would add roughly £12 to salon takings, a potential lifesaver for all VAT-paying salons.
“I’m backing #SaveOurSalons because our industry desperately needs this tax break,” said The Chapel co-founder, Toby Dicker. “We deserve the same support that the hospitality sector has already been given.”
The push is the next stage of the #ChopTheVAT campaign launched in 2020 by Telegraph Group beauty editor, Sonia Haria, in collaboration with the British Beauty Council.