VAT
We report on VAT policy and its implications for the UK foodservice and hospitality sector, including rate changes, government decisions, lobbying campaigns, and compliance challenges. From reduced VAT measures during the pandemic to the sector’s push for permanent reform, this brings together essential updates that affect margins, pricing, and profitability. Whether you’re a small independent or a multi-site operator, understanding VAT is critical to managing costs and planning for sustainable growth. Our coverage is written to support chefs, operators, F&B leaders, and finance teams navigating a complex and evolving tax landscape.
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Oct- 2022 -26 OctoberBusiness
HospoDemo to stage third protest as it urges gov to prevent closures
The hospitality industry is set to stage its third protest next month at Parliament Square, urging the government to make policy changes to prevent “catastrophic closures” within the sector. The protest will be held at 11am on Monday 14 November, with members of the hospitality industry invited to converge on…
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20 OctoberBusiness
Hospitality loses 2,200 sites in three months amid cost challenges
Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including pubs, bars, restaurants, cafes and hotels, according to the latest Hospitality Market Monitor from CGA and AlixPartners. The closures over the last quarter follow a “sharp rise” in prices in energy,…
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17 OctoberPubs and Bars
Hospitality driving recovery in cities post-Covid, CGA finds
The hospitality sector is driving the economic recovery of major cities post-pandemic, with Birmingham reported as the most vibrant city thanks to its restaurants, pubs and bars, the CGA has found. Its latest ‘Top Cities’ report, conducted alongside connectivity solutions provider Wireless Social, provided a ‘vibrancy’ ranking of Britain’s 10…
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17 OctoberGovernment
Chancellor reverses almost all mini-budget tax cuts
Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget commitments made by previous chancellor Kwasi Kwarteng last month, in a statement made at the Treasury today (17 October). He confirmed the basic rate of income tax will remain at 20% “indefinitely” until the economic situation stabilises, marking…
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12 OctoberGovernment
UKH welcomes Energy Prices Bill
UKHospitality chief executive Kate Nicholls has welcomed the Government’s new Energy Prices Bill adding that it will provide “relief to all manner of hospitality businesses”. Under the new bill, consumers will pay a fairer price for their electricity as the UK government introduces new emergency powers that will ensure consumers…
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Sep- 2022 -26 SeptemberPubs and Bars
Brighton Pier Group hits ‘record’ revenues of £40m in FY22
The Brighton Pier Group, owners of Brighton Pier Palace and nine bars across the UK, has reported record revenues of £40.1m, compared with £13.5m in 2021, up 25% on the same pre-Covid period in 2019. In the year to 26 June, 2022, the group reported EBITDA of £10.8m for the…
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23 SeptemberNews
Chancellor announces sweeping tax cuts in first mini-budget
Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as part of the new government’s first mini-budget. Setting out his aims for economic growth, Kwarteng said that he wants the economy to increase by 2.5% annually in the medium-term, through…
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13 SeptemberNews
Liberation Group reports ‘encouraging performance’ amid 6.3% sales rise
The Liberation Group, consisting of over 120 pubs, bars and inns across the UK, has reported that over the period of 21 May to 3 September 2022 its total LFL sales across its managed pub division was up 6.3% on 2021 figures and 30.0% up on 2019. It said that…
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8 SeptemberNews
Energy bills to be capped at £2,500 a year from October
Prime minister Liz Truss has announced today that energy bills for typical households will be capped at £2,500 annually for their gas and electricity bills from the start of this coming October. The news comes as her first major policy announcement, and according to Sky News, the new price guarantee…
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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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