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- 2023 -27 OctoberNews
Today’s news in brief – 27/10/23
Punch Pubs reported total revenues of £313.5m for FY23, up from £284.4m in FY22. Management Partnership division’s revenues also increased by 24% to £139.8m over 52 weeks. All three divisions, including leased and tenanted, management partnership, and Laine, achieved like-for-like sales growth. EBITDA for the period was £79.1m, a decrease…
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27 OctoberNews
Punch Pubs revenues increase to £313.5m in FY23
Punch Pubs has today (27 October) announced total revenues of £313.5m for FY23, up from £284.4m in FY22. Over the 52 week period Management Partnership revenue has increased 24% from £112.8m to £139.8m. All three divisions for the group – leased and tenanted, management partnership and laine – delivered like-for-like…
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Sep- 2023 -29 SeptemberNews
Today’s news in brief – 29/09/23
Hostmore has postponed any new restaurant openings until 2025, saving about £15m in cash expenditures due to challenging trading conditions. The company reported improved cost reductions of £8.2m for the 26 weeks ending July 2, benefiting FY23 by £5.8m. H1 2023 delivered negative EBITDA of £3.8m, compared with positive £7.1m…
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29 SeptemberNews
Hostmore to defer new openings to 2025 amid challenging trading
Hostmore has revealed it has decided to delay any new restaurant openings until at least 2025, saving approximately £15m of cash expenditures, as it battles challenging trading conditions. The news comes after the group reported improved cost reductions of £8.2m, compared with the £5.9m previously announced, for the 26 weeks…
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25 SeptemberNews
Today’s news in brief – 25/09/23
The City Pub Group reported a 14% increase in like-for-like sales to £31.7m in the first half of 2023, up from £26.1m in the same period in 2022. Despite inflationary pressures, the pub operator’s adjusted EBITDA remained steady at £3.3m, slightly below the £3.4m reported in H1 2022. The company…
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25 SeptemberPubs and Bars
City Pub Group sales up 14% in H1
The City Pub Group has revealed that like-for-like sales increased 14% to £31.7m in H1, up from £26.1m in H1 2022, the half-year ended 25 June 2023. Despite inflationary pressures, the pub operator’s adjusted EBITDA level was maintained at £3.3m, slightly lower than H1 2022’s total of £3.4m, while adjusted…
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22 SeptemberNews
Comptoir Libanais profits dip amid difficult trading conditions
Comptoir Group, owner of Lebanese and Middle Eastern restaurants, has announced revenues of £14.8m, an increase of 2.1%, for the six months ended on 2 July. Adjusted EBITDA profit was £1m, a decrease of 73.7% compared to 2022, which the group attributes to “a challenging trading environment” dictated by the…
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20 SeptemberPubs and Bars
Arc Inspirations sales jump 7.5% amid expanded estate
Bar group Arc Inspirations has announced an annual sales growth of 7.5% up to £40.8m for the year ended 26 March 2023. Alongside this the company posted an adjusted EBITDA of £3.84m, overcoming economy-wide inflationary and staffing pressures. Company EBITDA for the year was lower than the previous period, which…
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15 SeptemberBreweries and Distilleries
UK pubs and bars backs Maui recovery by offering free kegs to venues
Breweries, drinks producers, pubs and bars across the capital are backing an initiative running from 18-22 September to get funds to Maui after the devastating wildfires last month. The news comes after the owner of Maui Brewing put out a call on social media for aid. The UK hospitality industry…
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6 SeptemberNews
Wetherspoons to lower prices for Tax Equality Day
Wetherspoon pubs are set to cut the price of all food and drinks by 7.5% on Thursday 14 September, in order to highlight the benefit of a permanent VAT reduction in the hospitality industry. Prices at the pubs will be reduced for one day only to mark Tax Equality Day. …
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