National Insurance
Coverage includes key policy changes, thresholds, and government announcements affecting payroll costs and contributions for hospitality employers. Reporting focuses on how evolving rates and regulations impact staffing budgets, employer liabilities, and net pay across restaurants, pubs, catering firms, and hospitality businesses, offering clarity and guidance for operators navigating workforce-related financial planning.
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Jul- 2022 -27 JulyRestaurants
Two-thirds of hospitality business feel abandoned by government
Almost two-thirds of hospitality businesses feel abandoned by the government, according to new research from Peckwater Brands. The virtual brand operator surveyed 201 senior decision-makers within hospitality businesses. It found that nearly seven-in-10 (69%) of respondents are in favour of the government’s actions which protect hospitality businesses which accumulated debts…
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7 JulyTrade Associations
Hospitality joins forces to strive for fairer treatment from the gov
A group of hoteliers and restaurateurs fed up with the industry being “discriminated against, with disproportionate business rates”, came together at Nailcote Hall Hotel, Coventry in order to help push for change. A meeting took place with CEO of UK Hospitality, Kate Nicholls and Midlands MP, Saqib Bhatti, to discuss…
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Apr- 2022 -1 AprilGovernment
VAT rise to result in double-digit price increases, UKH warns
VAT in hospitality will rise from 12.5% to 20% on 1 April 2022, which UKH said “will result in double-digit price increases for consumers as operators struggle to survive” as the sector is forecasting cost inflation running at 18%. Recent business surveys show the industry is facing a 95% hike…
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Mar- 2022 -30 MarchFeatures
Sunak’s Spring Statement: What it means
“Businesses are going to be incredibly challenged to sustain themselves, having just begun some recovery after Covid,” reveals Lionel Benjamin, co-founder of AGO Hotels. The hospitality industry was already “decimated” by the Covid-19 pandemic and now, following Sunak’s announcement, the sector is being further burdened with VAT rates going back…
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23 MarchGovernment
Spring Statement: Chancellor raises NI threshold to £12,570
The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring statement, including increasing the national insurance threshold by £3,000. Speaking in parliament today (23 March), Rishi Sunak began his speech by warning it is yet unclear what the impact of…
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14 MarchRestaurants
Restaurant insolvencies rise to 354 in Q4
Restaurant insolvencies jumped by a fifth to 354 in the last quarter of 2021, rising from 296 in Q3, according to UHY Hacker Young, the national accountancy group. UHY Hacker Young said “despite the end of coronavirus restrictions, the sector faces considerable challenges”. The invasion of Ukraine and resulting sanctions…
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Jan- 2022 -10 JanuaryBusiness
UK restaurant groups see losses increase 174% to £673m
Losses at the the top 100 UK restaurant groups increased by 174% last year to £673m, up from a loss of £246m in September 2020, revealed UHY Hacker Young. Lost sales reportedly cost the hospitality sector around £200m a day during lockdown, with restaurants continuing to incur “substantial” costs such…
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Nov- 2021 -24 NovemberCoronavirus
Hospitality vacancies could reach 163,000 over Christmas, study finds
Hospitality vacancies could reach as high as 163,000 over Christmas as the UK continues to be hit by an employment crisis, according to new analysis of ONS vacancy data by Stint, a student work app. It analysed the last 10 years of vacancy data and used a forecasting model to…
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Oct- 2021 -25 OctoberTrade Associations
Over 200 CEOs sign letter urging chancellor to permanently keep 12.5% VAT
Over 200 chief executives of the UK pubs, bars, restaurants, cafés, hotels, leisure parks, nightclubs, entertainment venues, and visitor attractions have signed a letter to the chancellor urging for a permanent cut to VAT. Ahead of his Budget next Wednesday (27 October), industry leaders have called for a permanent reduced…
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Sep- 2021 -3 SeptemberRestaurants
Hospitality owners report staff shortages as vacancies rise
Hospitality owners are reportedly facing staff shortages after a lack of response to job advertisements, according to the BBC. In the UK there were 102,000 vacancies in the sector from April to June 2021 – a rise of 12.1% compared to the same period in 2019. According to the BBC,…
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