Tax

Budget 2014: What can we expect from George Osborne?

19-Mar-2014 By Luke Nicholls

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.

Call Time on Duty: Pubs, bars and restaurants face extra £100m alcohol tax bill

20-Jan-2014 By Luke Nicholls

Britain’s pubs, bars and restaurants will be £100m worse off if the Government goes ahead with plans to hike alcohol taxes in this year’s Budget.

Tax Parity Day: Industry set for national day of action

20-Sep-2013 By Luke Nicholls

Managed pub and bar operator TCG and North Yorkshire brewer Blacksheep are the latest hospitality businesses to pledge their support for Tax Parity Day, taking place next Wednesday (25 September).

‘Year of progress’ for JD Wetherspoon as pre-tax profits hit record levels

13-Sep-2013 By Luke Nicholls

National pub operator JD Wetherspoon has reported a record year of sales and profits, with like-for-likes rising by 5.8 per cent and pre-tax profits up 6.3 per cent to £76.9m.

Hotels ‘missing out’ on unclaimed tax relief: Capital allowances explained

11-Sep-2013 By Luke Nicholls

Hotels across the UK are missing out on millions of pounds in unclaimed capital allowances, but those wishing to unlock the tax relief need to act fast.

David Cameron dismisses more calls for hospitality and tourism VAT cut

19-Aug-2013

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.

Government turns down request to cut hospitality and tourism VAT (again)

16-Jul-2013 By Emma Eversham

The Government is refusing to budge on its decision not to reduce VAT for the tourism and hospitality sectors despite numerous calls from across the industry and from some MPs to do so.

Borel’s VAT Club calls on support from pubs

10-Jul-2013 By Luke Nicholls

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.

Tax Parity Day: Borel's VAT Club plans national day of action

20-Jun-2013 By Luke Nicholls

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...

Jonathan Neame: Beer duty cut has given Shepherd Neame confidence to invest in 40 pub projects

29-May-2013 By Peter Ruddick

Jonathan Neame, chief executive of brewer and pubco Shepherd Neame, has revealed the cut in beer duty has given him the confidence to accelerate investment in his company's expanding pub estate.

Budget 2013: What the hospitality industry is hoping for

20-Mar-2013 By Peter Ruddick

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...