VAT
Jeremy Hunt warns tax cuts 'unlikely' in spring Budget
Chancellor Jeremy Hunt has said it is “unlikely” the government will have the “headroom” to make any significant tax cuts in the spring Budget.
Hospitality industry warns more venues will close without a VAT cut
Hospitality operators hit by “horrendous” quarterly VAT bills have more warned venues will close unless the government cuts the tax.
Hospitality venues warn of steep price rises to combat VAT increase
Hospitality businesses have warned they will be forced to dramatically raise prices to combat a return[...]
Spring Statement: ‘missed opportunity’ to help hospitality businesses
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%
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
Kate Nicholls, chief executive of UKHospitality, speaks to Emma Lake about the trade body’s campaign to[...]
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."
VAT freeze could create over 250,000 hospitality and tourism jobs, study finds
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
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
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
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%
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%
Rising food prices have bumped the annual rate up by 3.2%, following the largest monthly increase[...]
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."
Wetherspoon says 12.5% VAT will mean 40p increase in meal price
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
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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