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- 2024 -30 OctoberNews
Budget: Increases to employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…
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25 OctoberAnalysis
The Revel Collective’s journey through four rebrands
The Revel Collective has only recently announced this latest reinvention. But this is not the first time it has happened. Tracing its inception back to 1991 in Greater Manchester, the group we know today has gone by – in chronological order – Inventive Leisure, The New Inventive Bar Group, Revolution…
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22 OctoberNews
The Revel Collective FY losses widen to £36.7m
The Revel Collective, former Revolution Bars Group, has seen its loss before tax widen to £36.7m in its preliminary results for the year ended on 29 June. The group said that the result was mainly due to non-cash exceptional impairment charges from its restructuring plan. Despite strong festive trading and…
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18 OctoberNews
Over 1,200 pubs will likely shut down this year, CAMRA says
Over 1,200 pubs will likely be shuttered this year, compared to around 1000 in 2023, and just over 800 in 2022, new data from CAMRA has revealed. Figures released today by the Campaign show the “alarming” rate of licensee turnover in the pub trade as the crushing weight of unfair…
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Sep- 2024 -19 SeptemberPubs and Bars
Pubs outperform licensed sector despite ‘disappointing’ weather
Managed pubs have outperformed the licensed sector as a whole in August, with year-on-year growth of 2.9% despite disappointing weather, according to the latest edition of the CGA RSM Hospitality Business Tracker. Restaurants recorded a 0.8% increase, while the on-the-go segment achieved 5.0% growth. However, bars continued a long run…
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10 SeptemberBusiness
UKHospitality calls for permanent, lower multiplier to avoid high business rates
UKHospitality is calling for a permanent, lower hospitality multiplier to avoid sky-rocketing business rates bills for thousands of hospitality businesses in April 2025. With current business rates relief set to end on 31 March next year, the chancellor must act to ensure already cash-strapped hospitality businesses aren’t left facing the…
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Aug- 2024 -20 AugustBusiness
Hospitality insolvencies rise 13% in June
The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle with trading costs, according to Buchler Phillips’ Hospitality Index. Overall, the number of hospitality insolvencies rose by 1.41% in the first half of 2024, as some 1,801 accommodation and food…
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14 AugustTrade Associations
Hospitality unites to support business rates reform
A number of hospitality trade organisations have united to call for reform to the business rates model. UKHospitality (UKH), the British Beer and Pub Association (BBPA), British Institute of Innkeeping (BII) and Hospitality Ulster (HU) have produced a survey detailing the biggest issues for the sector. According to the survey,…
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Jul- 2024 -5 JulyGovernment
UKH: ‘Labour needs to deliver on its commitments, and quick’
UKHospitality chief executive Kate Nicholls has said that “we need to see Labour deliver on its commitments, and quick,” after the party secured a landslide victory at the general election. The UKH boss said within the first 100 weeks, the sector needs to see reduced employer National Insurance Contributions to…
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Jun- 2024 -19 JunePubs and Bars
Hospitality groups report 3.6% growth in May
Hospitality groups across Britain achieved year-on-year sales growth of 3.6% in May 2024, despite “disappointing” weather and the ongoing effects of inflation, the CGA has reported. According to the latest CGA RSM Hospitality Business Tracker, this marks a “quick return to growth” after a 1.7% drop in trading in April, which…
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