The 40 pubs and restaurants cutting prices today

Flyer for tax parity day appearing on the JD Wetherspoon website. Credit: Facebook/wetherspoon

Forty pubs and restaurants will cut their prices by 7.5 percent today in a protest against the amount of VAT paid by the hospitality sector.

Several chains and brands are taking part in the campaign, including JD Wetherspoon, Subway, Pret a Manger and Heineken.

Read: The full list of the 40 outlets taking part

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Pubs drop prices in VAT protest

Pubs and restaurants are set to drop their prices today as part of a VAT protest. The chains and breweries are taking part in 'tax parity day' in a bid to show the Treasury that a drop in VAT would lead to increased sales.