HMRC
Reporting covers tax policy, compliance requirements, enforcement activity, and guidance relevant to hospitality operators, including VAT rules, PAYE obligations, National Insurance, furlough audits, and Making Tax Digital. Designed for restaurant groups, pub companies, and catering businesses, this coverage helps finance leads and owners navigate responsibilities, avoid penalties, and stay informed on changing legislation.
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Jul- 2023 -3 JulyBreweries and Distilleries
Gov to launch new Alcohol Duty rates and reliefs
HM Revenues and Customs (HMRC) has announced that on 1 August 2023, the Alcohol Duty system will become much “simpler”, taxing all alcoholic drinks based on their alcohol by volume (ABV). The new Alcohol Duty system will replace the current Alcohol Duty system, which consists of four separate taxes covering…
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Sep- 2022 -8 SeptemberBusiness
UKH calls for action as 1 in 5 businesses warn of collapse
UKHospitality has called on the government for increased support as a new survey has found that one in five hospitality businesses saying they will not survive the current crisis, while three in five operators admitted they are no longer profitable. The findings come from a recent survey of hospitality operators,…
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5 SeptemberTrade Associations
UKH urges new PM to ‘act quickly and decisively’ to save sector
UKHospitality has urged the new prime minister to act “quickly and decisively” in order to save the sector in the face of increasing costs due to the energy crisis. The news comes as Liz Truss was confirmed as the new prime minister after beating former chancellor Rishi Sunak in the…
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Aug- 2022 -26 AugustGovernment
CBI calls for emergency grant to tackle energy crisis
The Confederation of British Industry (CBI) with business groups has called for the Government to introduce Covid-style emergency grants and a cut in VAT as part of a package of measures to help firms survive spiralling energy costs. New survey data from the CBI reveals the extent to which businesses…
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19 AugustPubs and Bars
The Alchemist returns to profit
The Alchemist Bar and Restaurant has reported a profit after tax of £2.34m for the year ended 31 March 2022 compared with a loss of -£5.51m the prior year. The results saw sales of £55m, more than three times higher than the year prior despite the beginning of the financial…
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May- 2022 -13 MayBreweries and Distilleries
Adnams sales hit £57.4m in FY21
Adnams, the brewer, distiller and retailer, has revealed that sales rose by £7m to £57.4m in the 12 months to 31 December 2021, despite an operating loss of £0.9m over the period. Despite more “stringent” restrictions in the early months of the year, trading months operated ahead of expectations, with…
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Jul- 2021 -19 JulyBusiness
Hospitality spending 70% below pre-pandemic levels, says ONS
Consumer spending within the hospitality industry has remained at less than 70% of pre-pandemic levels, according to the latest report by the Office of National Statistics (ONS). Despite turnover increasing to £6.9bn in May 2021 from £1.2bn the prior year, the figure is still around 25% lower compared with May…
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Mar- 2021 -3 MarchBusiness
Fazenda owner bought out of administration
Begbies Traynor has overseen the pre-package sale of City District Limited to Southern Wind Group Limited, who has acquired a “substantial” part of the business and assets in a move that has saved 243 jobs. City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand…
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1 MarchCoronavirus
‘Decisive financial support’ needed to save hospitality, says APPG
The All-Party Parliamentary Group for Hospitality and Tourism (APPG) is urging chancellor Rishi Sunak to provide “decisive financial support to protect sector businesses crucial to communities around the UK”. The plea comes in a letter signed by more than 80 MPs written to Sunak ahead of this week’s Budget, with…
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Feb- 2021 -26 FebruaryCoronavirus
Over 200 hospitality leaders plead for emergency support
More than 200 industry leaders and trade bodies representing the UK’s hospitality and pub sectors have warned the Government that, unless a “substantial package of support” is announced at the Budget, nearly two thirds of businesses may not be able to make it to the end of lockdown. UKHospitality, the…
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