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.
-
Mar- 2024 -20 MarchTrade Associations
NTIA and Institute of Hospitality confirm strategic partnership
The Institute of Hospitality has announced its partnership with the Night Time Industries Association (NTIA), with the aim that the collaboration will assist both member organisations in better supporting their members on key industry issues. The organisations said the tie up comes with the hospitality profession “still under economic pressure,…
Read More » -
8 MarchNews
Today’s news in brief – 08/03/24
BM Caterers has won contracts worth more than £10m over the last six months, with clients across the legal, investment, real estate and media sectors. The group’s new clients include global real estate investor, developer and manager Hines, law firm Lewis Silkin, and power tools business STIHL. The NTIA has…
Read More » -
8 MarchTrade Associations
Spring Budget tells hospitality ‘you are on your own’, says NTIA
The Night Time Industries Association has voiced profound disappointment over the lack of substantial support for the sector in the Spring Budget, characterising the chancellor’s message as ‘you are on your own’. In the wake of the Spring Budget announcement on 6 March, the NTIA has emphasised the dire economic…
Read More » -
7 MarchNews
Today’s news in brief – 07/03/24
Young’s Pubs has acquired City Pub Group for £162m. The deal has added 51 wet-led pubs to the group’s managed trading estate, taking its overall estate to 279. Young’s has also expanded into new markets including Norwich and Cambridge thanks to the deal. UKH Scotland urged the Scottish government to…
Read More » -
7 MarchNews
Gaucho launches VAT-free Friday lunches
Gaucho has decided to launch VAT-free lunches on Fridays during March in all its ten central London locations. The decision follows the decision for the Chancellor not to abandon the ‘tourist tax’ in the Spring Budget as well as the Mayor of London’s campaign to bring back Friday trading in…
Read More » -
Feb- 2024 -29 FebruaryTrade Associations
Hospitality bosses back UKH’s call for action at upcoming Budget
Hospitality CEOs from groups including Mitchells and Butlers, Accor Hotels, Stonegate Pubs and Crerar Hotels have signed an open letter urging the Chancellor to take immediate action at the budget to prevent further business failure. In the letter, UKH and a total of 112 business leaders highlighted how rising costs,…
Read More » -
22 FebruaryPeople
Hospitality confidence dips amid soaring costs
Some 41% of the UK’s top hospitality groups currently feel confident about the hospitality market over the next 12 months, down by 8% since October 2023, an exclusive poll by CGA by NIQ has reported. The proportion of leaders who feel optimistic about prospects for their own business in the…
Read More » -
21 FebruaryAdvice
How hospitality businesses can survive in 2024
2024 has only just begun, and we’ve already witnessed a spate of small business closures across the hospitality sector. With the winding up of independent businesses across England, Wales and Scotland, questions have again been raised about the amount of governmental support available to one of the UK’s most beloved…
Read More » -
20 FebruaryTrade Associations
NTIA and IoH join forces on hospitality survival campaign
The Night Time Industries Association (NTIA) and Institute of Hospitality (IoH) have announced they are joining forces on the Leave No One Behind campaign. The campaign is aimed at advocating for the survival and recovery of their collective membership of over 20,000 businesses in the UK. The united campaign comes…
Read More » -
19 FebruaryTrade Associations
Quarter of hospitality venues have run out of money, survey finds
A quarter of hospitality businesses have no cash reserves and a further 29% have less than three months’ worth, according to a joint survey by UKH, the BBPA, BII and Hospitality Ulster. The joint survey also found that 98% of businesses have seen food and drink costs increase, while 96%…
Read More »
