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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Mar- 2022 -8 MarchRestaurants
Only 20% of hospitality firms track food waste, survey finds
A joint survey of leading hospitality operators, representing more than 2,300 sites, has revealed that only one fifth of sector businesses are currently tracking whether their food waste comes from preparation, spoilage or plate waste. The survey, conducted by Fourth, the global software provider for the hospitality, retail and leisure…
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4 MarchRestaurants
UKH calls for permanent pavement licences
UKHospitality has said it believes making pavement licences permanent will “help the Covid-ravaged hospitality sector make a faster post-pandemic recovery”. It comes as outdoor drinking and dining areas have become popular over the past two years, which UKH said has “in some cases ensured the survival of those hospitality businesses…
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1 MarchPubs and Bars
Revolution bars returns to profitability in H1
The Revolution Bars Group has announced its pre-tax profits for the 26 weeks ended 1 January 2022 (H1 FY22) hit £4.3m, up from a loss of £17.7m in the comparative FY21 period, and up from a loss of £1.6m for the same period in FY20. Additionally, the group returned to…
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1 MarchNews
City centres bounce back from Covid, CGA reveals
Hospitality sectors in major British cities including Bristol and Manchester are recovering as Covid restrictions “wind down”, according to new research from the CGA and Wireless Social, a connectivity solutions provider for hospitality and leisure businesses. In a new series of ‘Top Cities: Vibrancy Ranking’ reports, the firms combine sales…
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Feb- 2022 -25 FebruaryFeatures
Pay increases: A balancing act
“While the pandemic has impacted all industries, few have had to overcome ‘harder’ or ‘more numerous blows’ than the hospitality sector,” as evident from Peckwater Brands latest research. Whilst many challenges continue to hinder the industry today – it has decided to award “record” pay rises in a bid to…
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18 FebruaryCoronavirus
Hospitality suffers £115bn loss amid Covid damage
The hospitality industry has suffered a £115bn loss over the last two years due to Covid-19 as the sector was “hit first and hit hardest” by the pandemic, UKHospitality has said. According to its data, the sector has racked-up a loss of £114.8bn sales compared to what was expected for…
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16 FebruaryFeatures
The importance of sourcing an ethical rating specialist
Why is it important for hospitality firms to mitigate costs as much as possible? Controlling overheads and costs is always a key part of building a successful, viable business. After two years of disrupted trade due to the pandemic and with rising inflation hitting every area from energy to staffing,…
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10 FebruaryPubs and Bars
Oakman sets out expansion plans amid positive trading
The Oakman Group has announced it has plans to increase the size of its estate by 25% after securing what it believes is its “strongest ever pipeline of new sites”. As part of the announcement the group also revealed a trading update for the 31 weeks ending 6 February, where…
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8 FebruaryPubs and Bars
Leeds ‘most vibrant’ UK city for hospitality, report finds
Leeds has been named the most vibrant city for eating and drinking out in the UK, with only a -0.2% drop in sales compared with the same period in 2019, ahead of Glasgow, Bristol and Birmingham, where restaurant, pub and bar sales held up relatively well in late December and…
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8 FebruaryGovernment
Over 250 hospitality leaders call for VAT to be held at 12.5%
More than 250 business leaders from hospitality and leisure have written to the chancellor, Rishi Sunak, urging the Government to keep VAT at 12.5% beyond March 2022, according to UKHospitality. It revealed the letter calls on the Treasury to maintain the current level to enable many “fragile” businesses to continue…
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