Pubs across the UK can breathe a big sigh of relief today as Chancellor George Osborne has once again scrapped the punitive escalator for all alcohol duties and cut another penny off the price of a pint of beer in his 2014 Budget announcement.
The Chancellor George Osborne will today present 'a Budget for a resilient economy'. But with further calls for another beer duty cut and a reduction in VAT, hospitality professionals will undoubtedly be among those watching most closely.
Prime Minister David Cameron has once again shunned the argument to reduce VAT for the hospitality and tourism sectors, claiming that bringing the taxes down to pre-recession levels ‘would be expensive’ for the UK economy.
Just weeks after planning ‘Tax Parity Day’ for the hospitality industry, Jacques Borel’s VAT Club has written to every pub in the country, calling for their support in its on-going efforts to reduce VAT to 5 per cent.
UK hospitality businesses are charged 20 per cent VAT on all sales, whereas the supermarkets pay virtually no VAT on food sales. Is this far? The VAT Club JB, headed up by veteran campaigner Jacques Borel, certainly doesn’t think so and is launching a...
Today, once again, the Chancellor will present a Budget which will be closely watched for signs of improvement in the economy or help for businesses, but with rumours swirling about the future of the beer duty escalator, hospitality industry professionals...
Pubs across the UK can breathe a sigh of relief today as Chancellor George Osborne has cut a penny off the price of a pint of beer and scrapped the punitive Duty Escalator in his 2013 Budget announcement.
Pub giant JD Wetherspoon posted a ‘reasonable’ set of results for the half-year ending 27 January 2013, with the burden of what the Group calls ‘stealth taxes’ contributing to a drop of 2.7 per cent in its pre- tax profit to £34.8m.