Vat Rise

Beer sales recovering from pandemic slump

04-Apr-2022 By James McAllister

Beer sales in the UK are recovering to pre-pandemic levels, a new study from UHY Hacker Young shows.

'Get ready for another difficult year' - restaurants reflect on VAT rise

01-Apr-2022 By James McAllister

Restaurateurs are being told to 'get ready for another difficult year' as hospitality grapples with the impact of VAT returning to its pre-pandemic level of 20% from today (1 April).

'Catastrophic' VAT rise to mean double-digit price increases for consumers

31-Mar-2022 By James McAllister

UKHospitality has warned the impending increase in VAT for hospitality businesses will give operators no choice but to pass on costs to consumers, with double-digit price rises expected.

Sunak mulls VAT cut extension as hospitality presses for more support

22-Mar-2022 By James McAllister

Chancellor Rishi Sunak is reportedly considering a freeze in VAT for hospitality businesses at the current reduced rate of 12.5% beyond April in his Spring Statement tomorrow (23 March).

Hospitality leaders call for VAT freeze to 'help curb inflation'

08-Feb-2022 By Restaurant

More than 250 leaders from hospitality and leisure have urged Chancellor Rishi Sunak to keep VAT at 12.5% beyond March 2022.

Cut VAT to save £4.6bn and ‘level up’, industry bodies urge Government

04-Feb-2022 By James McAllister

Hospitality and tourism bodies have renewed calls for the Government to permanently cut the rate of VAT for the sector, saying it will save billions and create millions of jobs.