VAT

News

Budget 2024: key points for hospitality at a glance

06 March 2024 by

The hospitality industry has been left disappointed by this year’s Budget, which failed to deliver the hoped-for cut in VAT.

News

Gaucho introduces VAT-free lunch amid calls for VAT cut

05 March 2024 by

Argentine steakhouse chain Gaucho has revealed plans to serve a VAT-free lunch every Friday in March, starting from this week (8 March).

Sacha Lord calls on Labour to reinstate hospitality VAT cut News

Sacha Lord calls on Labour to reinstate hospitality VAT cut

09 October 2023 by

Sacha Lord, the night time economy adviser for Greater Manchester, has urged the Labour party to[...]

JD Wetherspoon to slash prices for a day to urge VAT reduction News

JD Wetherspoon to slash prices for a day to urge VAT reduction

04 September 2023 by

JD Wetherspoon is to cut the price of all food and drink in its pubs by[...]

Aktar Islam: ‘People are worried, everything is aligned against hospitality’ News

Aktar Islam: ‘People are worried, everything is aligned against hospitality’

26 May 2023 by

Michelin-starred restaurateur Aktar Islam has called on chefs to speak out about the plight of the[...]

Treasury says tax-free tourist shopping 'does not directly benefit Brits' News

Treasury says tax-free tourist shopping 'does not directly benefit Brits'

18 May 2023 by

The Treasury has played down speculation it could reintroduce tax-free shopping for overseas visitors after hospitality[...]

Government says ‘no plans’ to reduce hospitality VAT News

Government says ‘no plans’ to reduce hospitality VAT

04 April 2023

The government has responded to a petition calling for hospitality VAT to be cut to 10%, saying there are “no current plans” to reduce the sector’s VAT rate.

Jeremy Hunt warns tax cuts 'unlikely' in spring Budget News

Jeremy Hunt warns tax cuts 'unlikely' in spring Budget

27 January 2023

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 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[...]

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

Strong demand and reduced VAT helped the Waterside Inn generate a record pre-tax profit of £1.6m[...]

Hospitality welcomes reports government 'is considering cutting VAT' News

Hospitality welcomes reports government 'is considering cutting VAT'

01 July 2022 by

Hospitality industry representatives have welcomed reports the government is considering cutting VAT in a bid to[...]

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 and food industry leaders have called for a cut in VAT to help businesses survive[...]

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

Hospitality businesses have warned they will be forced to dramatically raise prices to combat a return to 20% VAT next month.

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

Spring Statement: ‘missed opportunity’ to help hospitality businesses

23 March 2022

Chancellor Rishi Sunak’s Spring Statement this afternoon has been described as a "missed opportunity" to help hospitality businesses and failed to commit to the hoped-for VAT cut.

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