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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Oct- 2018 -12 OctoberCafes and Coffee Shops
Patisserie Valerie chief finance director arrested
The chief finance director of embattled bakery chain Patisserie Valerie was arrested and has been released on bail, the company has confirmed. On Wednesday (10 October) the company announced it had suspended CFO Chris Marsh from his role as it investigated “potentially fraudulent” accounting irregularities. It later discovered that it…
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11 OctoberBusiness
Patisserie Valerie warns of possible collapse
High street bakery Patisserie Valerie has warned that it could be forced to close unless it receives an “immediate injection of capital”. This news comes just a day after it temporarily suspended trading and suspended its CFO Chris Marsh from his role while it investigated “potentially fraudulent” accounts. The company…
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10 OctoberCafes and Coffee Shops
Patisserie Valerie faces winding up order as £1.14m unpaid tax bill is found
Patisserie Holdings has revealed that high street bakery chain Patisserie Valerie faces a winding up petition after it discovered a £1.14m unpaid tax bill. HMRC has filed the petition against its parent company Stonebeach Limited on 14 September and was later advertised in the legal Gazette on 5 October. However,…
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Sep- 2018 -24 SeptemberGovernment
Hospitality sector found to have highest number of underpaid staff
The hospitality sector was estimated to have the highest number of staff who were paid less than minimum wage, accounting for 54,000 jobs. This is according to a report by HMRC as part of the government’s investigation and initiative to clampdown on employers underpaying their staff. The retail sector came…
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Aug- 2018 -9 AugustRestaurants
Prescott and Conran ‘was in £14m debt’ during collapse
Restaurant group Prescott and Conran owed £14m to its creditors when it collapsed, recent documents from its administrators Duff and Phelps have revealed. The chain fell into administration in June, resulting in the closure of its three remaining sites in London; Parabola in Kensington, Lutyens on Fleet Street and Albion…
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Jul- 2018 -31 JulyAdvice
Taking stock – accountancy top tips for pubs and restaurants
As any restaurant owner or publican will know, hospitality involves long days, a constant mission to keep customers happy and providing a service that is second to none. So it can be difficult to balance these important tasks with finding the time to take stock and keep on top of…
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16 JulyBeverages
326 soft drinks manufacturers hit by ‘Sugar Tax’
HMRC has confirmed that 326 soft drinks manufacturers have been hit by the so-called ‘sugar tax’, research by accountancy firm UHY Hacker Young has revealed. The Soft Drinks Industry Levy was introduced on April 6, and taxes manufacturers 18p per litre produced if the drink contains five grams of sugar…
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12 JulyGovernment
EXCLUSIVE: Catering company hits back at HMRC over ‘underpaying employers list’ and fines
Corporate cake and biscuit caterer, Image on Food, has accused HMRC of misrepresenting information regarding supposed staff underpayments. The HMRC list published 6 July said that Image on Food owed 14 members of its 50 strong workforce £3,514.74 in unpaid wages, however the catering company say the issue is “not…
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10 JulyBusiness
KFC and Pizza Hut found to be underpaying workers
Over 20 UK restaurants and pubs including branches of KFC and Pizza Hut have been found to be underpaying workers in a list published this morning by HMRC. HMRC found that nearly 240 employers were found to be underpaying staff on the minimum wage, with many companies that employ caterers…
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3 JulyBeverages
FRC launches investigation into KPMG’s last Conviviality audit
The Financial Reporting Council (FRC) has launched an investigation into the most recent audit by KPMG of the financial statements of Conviviality. The FRC is investigating the audit of the now defunct off-licence retailer that covered the 52 weeks ending 30 April 2017. The investigation will be conducted under the…
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