Tax

Hospitality businesses have welcomed extra cash in the Autumn Statement to spend on capital investments and the scrapping of a planned rise in fuel duty but argued the Government still needs to do more

Lukewarm welcome: Hospitality businesses react to the Autumn Statement

By Peter Ruddick

Businesses, the main beneficiaries of the small amount of good news delivered in the Chancellor's Autumn Statement yesterday, have begun giving their reaction, welcoming tax cuts and increased spending but calling on more to be done for the hospitality...

In his Autumn Statement, Chancellor George Osborne warned there are no 'miracle cures' and admitted more drastic action is needed to balance Britain's books

Autumn Statement 2012: Osborne delivers good news for businesses

By Luke Nicholls

“The British economy is healing,” proclaimed George Osborne in his Autumn Statement earlier today as the Chancellor made a number of big pledges in a bid to help businesses, despite the nation facing a longer-than-expected battle to reduce its debts.

J D Wetherspoon has become the latest hospitality operator to warn of the possible trading 'hangover' after a busy summer of sport and events

J D Wetherspoon predicts post-summer 2012 sales drop

By Peter Ruddick

Pub operator J D Wetherspoon has become the latest hospitality business to warn of the possible sales growth 'hangover' following a summer of sport, the Olympics and headline events.

Peel Hotels, which operates nine UK hotels including the Norfolk Royale in Bournemouth, has revealed it experienced its 'toughest' financial year ever in 2011/2012

Peel Hotels blames 'toughest' financial year on VAT

By Peter Ruddick

Peel Hotels has reported a drop in revenues from its nine hotels resulting in a significant fall in profits of 54 per cent which the London-based company has attributed to the VAT rise and the economic climate.

JD Wetherspoon has reported a 2 per cent rise in like-for-like sales in the 13 weeks to 22 April

JD Wetherspoon 'more cautious' as tax bill mounts

By Luke Nicholls

National pub group JD Wetherspoon has announced that it is to reduce the number of new pub openings in the next financial year as it grapples with a £50m increase in its annual tax bill.

The pub and bar industry has reacted to the Chancellor George Osborne's 2012 Budget by slamming the continued alcohol duty escalator policy - photo Molson Coors

Budget 2012: The pub and bar industry's reaction

By Peter Ruddick

The Chancellor George Osborne's decision to refuse to budge on the controversial beer duty escalator in the Budget has been widely criticised by the pub and bar sector as a missed opportunity to reverse a policy that continues to lead to job losses...

This year's Budget gives no support to the restaurant sector say independent restaurateurs

Budget 2012: The restaurant industry's reaction

By Emma Eversham

Members of the restaurant industry have expressed their disappointment at the Chancellor's lack of help for the sector in today's Budget, saying his claim that he will 'unashamedly back business' means nothing if he doesn't cut...

JD Wetherspoon has announced a rise in like-for-like sales but said it remains cautious about the future and will scale back its planned openings

JD Wetherspoon to reduce planned pub openings for the year

By Peter Ruddick

JD Wetherspoon has revealed a rise in like-for-like sales of 2.1 per cent in the 26 weeks to 22 January 2012 but announced it is scaling back its planned pub openings for the financial year and remains cautious about future performance.

HM Revenue & Customs detained the two restaurateurs on suspicion of evading tax

Two Edinburgh restaurateurs detained by HMRC in tax raids

By Luke Nicholls

Two restaurateurs from Edinburgh have been detained by HM Revenue & Customs (HMRC) on suspicion of failing to pay tax, as part of the on-going taskforce operation targeting restaurants across Scotland.

The equivalent to 45 million fewer pints were sold over the quarter compared with last year, or 488,000 fewer per day

BBPA reveals more bad news for UK pubs

By Luke Nicholls

UK pub beer sales are down 4.3 per cent in the third quarter from the same period last year, according to the British Beer and Pub Association (BBPA).

New tax enforcement measures start with restaurants in London

HMRC clamps down on tax evasion in restaurants

By Lorraine Heller

London restaurants will be the first target for a new round of tax enforcement measures, under plans announced today by HM Revenue & Customs (HMRC) to tackle tax dodgers.

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