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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Feb- 2022 -7 FebruaryNews
Price rises for consumers now ‘inevitable’, says UKH
Nearly half of operators (47%) are reporting that they will be forced to increase consumer prices by over 10% this year, with 15% anticipating hikes of over 20%, according to a UKHospitality survey. of over 340 hospitality businesses representing 8,200 venues, employing 190,000 people. Overall, it is expected that prices…
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1 FebruaryPubs and Bars
UKH urges gov to boost duty reforms
UKHospitality has revealed that while it has “heralded” the reforms to the alcohol duty system that were announced in the last budget, it is now urging the government to support the “beleaguered” industry further by expanding them. In its response to a government consultation, UKHospitality has called for the government…
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Jan- 2022 -31 JanuaryRestaurants
UKH outlines guidance for calorie labelling legislation
UKHospitality has produced guidance on the new calorie labelling legislation, due to be implemented this April. It is intended to help affected businesses and to ensure consistent enforcement post-April and is therefore available to anyone in the sector, not just UKHospitality members. The guidance has been compiled in conjunction with…
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28 JanuaryPubs and Bars
BBPA calls for heightened gov support after ‘devastating’ winter
While publicans and brewers have “raised their glasses” following the end of Plan B restrictions this week, the BBPA is still calling for more government support as the “devastating” impact of Omicron over winter has become clear. The BBPA is urging the government to help combat the increasing financial pressures…
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28 JanuaryBusiness
UKH welcomes launch of mission to help 500,000 find work
UK Hospitality has welcomed the launch of a new Department for Work and Pensions (DWP) scheme to help 500,000 jobseekers into work by the end of June. It comes after latest figures from the ONS showed the demand for workers with a record 1.2 million vacancies to fill, 59% higher…
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25 JanuaryRestaurants
UKH welcomes easing of travel restrictions
The news that international visitors to the UK who are vaccinated against Covid-19 will no longer be required to test on arrival has been welcomed by UKHospitality. The new rules will come into operation at 4am on the 11 February, and will apply to all inbound visitors to the UK,…
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20 JanuaryPubs and Bars
Revolution Bars posts upbeat trading update
Revolution Bars Group, the operator of 67 premium bars, trading mainly under the Revolution and Revolucion de Cuba brands, has announced that like-for-like (LFL) sales for the majority of the half, from 19 July 2021, when restrictions were relaxed in England, to 13 November were very strong at +14% versus…
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13 JanuaryPubs and Bars
Hospitality recovery dampened by Omicron as December takes £3bn hit
The hospitality sector has suffered “devastating” sales falls in the last week of the year, according to the latest pub, bar and restaurant market figures from UKH and CGA. The wider hospitality sector witnessed a 40% drop in sales for the month versus the same period in 2019, as depleted…
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11 JanuaryTrade Associations
UKH calls for Platinum Jubilee extended licensing hours
UKHospitality has backed plans to extend licensing hours in England and Wales to 1am for this year’s Platinum Jubilee celebrations for HM The Queen. The trade association has said that the extension could give businesses “vital extra trading time” during the four-day weekend. Recent national celebrations that have seen longer…
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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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