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.

  • Aug- 2023 -
    14 August
    Catering CompaniesNationwide Caterers Association becomes UKEvents’ newest partner

    Nationwide Caterers Association becomes UKEvents’ newest partner

    UKEvents, the umbrella organisation for the events industry, has announced the Nationwide Caterers Association (NCASS) as its newest partner. According to UKEvents, NCASS is the “only” membership organisation in the UK to support independent food and drink businesses and has been supporting its members to be “safe”, “legal”, and “profitable”…

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  • Jul- 2023 -
    20 July
    Pubs and BarsBII urges all pubs to engage MPs ahead of Autumn Budget

    BII urges all pubs to engage MPs ahead of Autumn Budget

    The British Institute of Innkeeping (BII) has announced the launch of its #MyPub campaign, calling on pubs across the UK to write to their MPs, and invite them to visit their vital local businesses at the heart of their constituencies. It said this will allow them to show MPs the…

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  • 19 July
    NewsHospitality’s recovery slowed by inflation and staff costs, CGA finds

    Hospitality’s recovery slowed by inflation and staff costs, CGA finds

    Hospitality’s post-Covid recovery is threatened by rising prices in multiple key areas, the latest business confidence survey from CGA by NIQ and Fourth has revealed.  The poll shows that half of senior-level operators are now very concerned about inflation in food and drink prices.  In May, the CGA prestige foodservice…

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  • 17 July
    CommentLoans repayment, inflation, staff shortages: what else we can expect from hospitality insolvencies?

    Loans repayment, inflation, staff shortages: what else we can expect from hospitality insolvencies?

    What are the potential reasons for the continued increase in the number of hospitality insolvencies we’ve seen recently? Glyn: I think it goes back to the pandemic. Covid was a big thing for the sector and rightly, both the government and HMRC stepped in to help companies with furlough and…

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  • Jun- 2023 -
    28 June
    RestaurantsVarious Eateries sales up 16% to £20m in H1

    Various Eateries sales up 16% to £20m in H1

    Various Eateries’ revenues have increased by 16% to £20.6m in the half-year ending 2 April, up from £17.7m in H1 2022, while like-for-like sales marginally increased. Despite this, the group reported a decrease in gross profit to £0.6m, down from £1.5m in the same period last year, and a loss…

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  • 7 June
    RestaurantsTGI Fridays operator sees Q1 sales slide 3%

    TGI Fridays operator sees Q1 sales slide 3%

    TGI Fridays operator Hostmore has revealed a 3% drop in like-for-like sales in the 22 weeks ended 4 June 2023, down from a 1% decline in the first 16 weeks of the year.  The group maintains that like-for-like revenue and total revenue for the period remains “broadly consistent” with the…

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  • May- 2023 -
    15 May
    NewsPub Punch Q2 revenues hit £158m

    Pub Punch Q2 revenues hit £158m

    Punch Pubs has recently reported revenues of £158.1m for the 28 weeks ended February 2023, compared to £142.6m for the same period last year. Earnings before taxes for the group were £37.5m, slightly less than the £38.6m reported the previous year. Punch Pubs has said that last year’s results benefited…

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  • 10 May
    RestaurantsComptoir Group revenues up 50% to £31m in FY22

    Comptoir Group revenues up 50% to £31m in FY22

    Comptoir Group has revealed a strong financial recovery in FY22 as full-year revenues soared by 49.9% to £31m compared with £20.7m in 2021, and gross profit rose by 44.3% to £24.4m compared with £16.9m in 2021.  The results were driven by like-for-like store growth in the period and the absence…

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  • Mar- 2023 -
    15 March
    NewsSpring Budget: Corporation tax to rise to 25%

    Spring Budget: Corporation tax to rise to 25%

    Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a number of measures announced in chancellor Jeremy Hunt’s Spring Budget.  To help offset the corporation tax rise, Hunt also announced a provision of £9bn of “full capital expensing” which for…

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  • Feb- 2023 -
    21 February
    Trade AssociationsHospitality leaders’ confidence rises though soaring costs still loom

    Hospitality leaders’ confidence rises though soaring costs still loom

    Hospitality leaders remain “cautiously optimistic” despite soaring costs still threatening weaker businesses, according to the 2023 Business Leaders’ Survey from CGA by NielsenIQ and Fourth. The poll found that 47% felt confident about their business prospects over the next 12 months, up from 29% in CGA’s last survey three months…

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