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Jeremy Hunt warns tax cuts 'unlikely' in spring Budget

27 January 2023 by

Chancellor Jeremy Hunt has said it is “unlikely” the government will have the “headroom” to make any significant tax cuts in the spring Budget.

News

Hospitality industry warns more venues will close without a VAT cut

08 August 2022 by

Hospitality operators hit by “horrendous” quarterly VAT bills have more warned venues will close unless the government cuts the tax.

VAT cut helped Waterside Inn hit record pre-tax profit News

VAT cut helped Waterside Inn hit record pre-tax profit

19 July 2022 by
Hospitality welcomes reports government 'is considering cutting VAT' News

Hospitality welcomes reports government 'is considering cutting VAT'

01 July 2022 by
Calls to cut hospitality VAT as inflation hits new high News

Calls to cut hospitality VAT as inflation hits new high

18 May 2022 by
Hospitality leaders' confidence levels rise, but cost pressures threaten recovery News

Hospitality leaders' confidence levels rise, but cost pressures threaten recovery

05 April 2022 by

Hospitality venues warn of steep price rises to combat VAT increase News

Hospitality venues warn of steep price rises to combat VAT increase

23 March 2022 by

Hospitality businesses have warned they will be forced to dramatically raise prices to combat a return[...]

Spring Statement: ‘missed opportunity’ to help hospitality businesses News

Spring Statement: ‘missed opportunity’ to help hospitality businesses

23 March 2022 by

Chancellor Rishi Sunak’s Spring Statement this afternoon has been described as a "missed opportunity" to help[...]

MPs' inquiry recommends hospitality VAT remains at 12.5% News

MPs' inquiry recommends hospitality VAT remains at 12.5%

17 March 2022 by

An inquiry by a group of MPs has recommended that VAT for the hospitality and tourism[...]

UKHospitality launches campaign to stop the government from changing the VAT rate Business

UKHospitality launches campaign to stop the government from changing the VAT rate

23 February 2022 by

Kate Nicholls, chief executive of UKHospitality, speaks to Emma Lake about the trade body’s campaign to[...]

News

Over 250 hospitality leaders write to chancellor urging VAT freeze

More than 250 hospitality and leisure business leaders have written to the chancellor urging the government to freeze VAT at 12.5% from April."

08 February 2022 by
VAT freeze could create over 250,000 hospitality and tourism jobs, study finds News

VAT freeze could create over 250,000 hospitality and tourism jobs, study finds

04 February 2022
by

Freezing hospitality VAT at 12.5% could create more than 250,000 jobs over the next ten years and help ‘level up’ parts of the UK, according to a new report.

Sacha Lord launches Axe the Red Wall Tax campaign to reverse VAT rise News

Sacha Lord launches Axe the Red Wall Tax campaign to reverse VAT rise

10 December 2021
by

Sacha Lord has launched a campaign to reverse the hospitality VAT increase in light of the move to Plan B restrictions and the slew of cancellations suffered by pubs, restaurants and hotels.

Autumn Budget 2021: What to expect for hospitality News

Autumn Budget 2021: What to expect for hospitality

26 October 2021 by

Chancellor Rishi Sunak is due to deliver his combined Autumn Budget and Spending Review today at[...]

#VATsEnough campaign calls for chancellor to lock in lower VAT rate for hospitality News

#VATsEnough campaign calls for chancellor to lock in lower VAT rate for hospitality

07 October 2021 by

A major new campaign – #VATsEnough – is calling on the chancellor Rishi Sunak to make[...]

Hospitality VAT: businesses warn of closures and price rises if tax returns to 20% News

Hospitality VAT: businesses warn of closures and price rises if tax returns to 20%

01 October 2021 by

Business owners and trade bodies have called for a permanent freeze in the level of hospitality[...]

Rising food prices drive inflation rate up to 3.2% News

Rising food prices drive inflation rate up to 3.2%

15 September 2021 by

Rising food prices have bumped the annual rate up by 3.2%, following the largest monthly increase[...]

News

Fazenda to give restaurant staff 10% pay bonus using VAT savings

The owner of the Fazenda restaurant chain is using savings from the cut in hospitality VAT to give all 330 of its staff a 10% pay bonus."

07 July 2021 by
Wetherspoon says 12.5% VAT will mean 40p increase in meal price News

Wetherspoon says 12.5% VAT will mean 40p increase in meal price

07 July 2021
by

JD Wetherspoon has said the interim increase in VAT later this year will mean it will have to increase its food prices by around 40p per meal.

Six things to look out for in Rishi Sunak’s Budget today for hospitality News

Six things to look out for in Rishi Sunak’s Budget today for hospitality

03 March 2021
by

Chancellor Rishi Sunak is to confirm today what measures he will put in place to protect the UK economy and hospitality businesses.

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