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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Mar- 2019 -18 MarchCafes and Coffee Shops
Patisserie Valerie accounts reveal £94m ‘black hole’
Bakery chain Patisserie Valerie’s consolidated accounts were overstated by £94m, figures released by audit firm KPMG has revealed. KPMG were appointed administrators for the company which collapsed after fraudulent activities were discovered within its accounts. This overstatement of assets is more than double of what was first estimated. Severe misreporting…
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Feb- 2019 -4 FebruaryGovernment
Brothers jailed 14 years for £3m pub and restaurant tax scam
Three brothers, who stole £3m in a tax scam involving pubs and restaurants, have been jailed and banned from being directors for 28 years. Bournemouth brothers Shahab Hashtroudi, 64, Shahin Hashtroudi, 58 and Hedayat Hashtroudi, 68, ran pubs and restaurants in Hampshire, Dorset and Surrey, using the money to prop…
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Jan- 2019 -28 JanuaryAdvice
Five tax entitlements hospitality workers could be missing out on
If you work in the hospitality industry, it’s possible you might be missing out on a host of tax entitlements which could help to take some of the pressure off your finances. Like in many other industries, hospitality workers either don’t know the full facts about what they may be…
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Dec- 2018 -21 DecemberGovernment
Chinese restaurant owner’s £1m tax fraud goes to pot
A Chinese restaurant owner, who stole more than £1m in tax by claiming his business “made pottery” and had a “tiny turnover”, has been jailed for three years. Chin Seong Lam, 60, from Barnet, north London, owned outlets at the O2 Arena in North Greenwich and at Gun Wharf Quays…
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14 DecemberBeverages
Franklin & Sons sees gin sales double due to ‘demand’ for natural ingredients
Independent drinks company Global Brands has seen sales of its premium tonics, mixers and soft drinks range Franklin & Sons more than double on the back of the gin boom as it says customers “demand natural ingredients”. Total value sales of the range increased by more than double in the…
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Nov- 2018 -19 NovemberRestaurants
Restaurant bosses jailed for £800k fraud
Four Black Country fraudsters who ran a chain of upmarket Indian restaurants have been handed jail sentences totalling 10 years for an £800,000 fraud that saw them pocket staff tips and hide sales to evade tax. Mohammed Sharif Uddin, 48, Mizanur Rahman, 44, Sadiqur Rahman, 45, all of Wednesbury, along…
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Oct- 2018 -29 OctoberBusiness
Patisserie Valerie CFO resigns amid fraud investigation
The chief financial officer of crisis-hit cafe chain Patisserie Valerie has announced his resignation with immediate effect. On 9 October, Chris Marsh was suspended by the company after its directors discovered “accounting irregularities” and investigated potentially fraudulent activity. The company found that it had an unpaid tax bill of £1.14m…
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24 OctoberCafes and Coffee Shops
Winding up petition against Patisserie Valerie dismissed
The winding up petition against Stonebeach Limited, parent company of crisis-hit cafe chain Patisserie Valerie, has been dismissed. Patisserie Holdings released a statement on 24 October which said it was “pleased” that the petition against it been dismissed by the High Court of Justice, Business and Property Courts. HMRC served…
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15 OctoberCafes and Coffee Shops
Patisserie Valerie boss resigns from Restaurant Group board
Patisserie Valerie chief executive Paul May has announced he has resigned from his position on the Restaurant Group board “with immediate effect”. May has stepped down from the group which also owns brands such as Garfunkel’s and Frankie and Benny’s, as the bakery chain is hit with claims of fraud.…
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12 OctoberBusiness
Patisserie Valerie saved from collapse with £20m rescue plan
Crisis-hit cafe chain Patisserie Valerie has been saved from collapse after entrepreneur Luke Johnson offered the company a rescue plan with two loans of up to £20m. Johnson, who owns a 37% stake in the company, has committed to a bridging loan of up to £10m to help the company…
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