Taxation
In this section you will find all articles about taxation, giving you an easy route to all the information and news about taxation on Caterersearch.
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Changes to tax regulations which would see pub quiz and games machines like Cluedo and Who Wants to Be a Millionaire reclassified as gambling machines will cost the industry £85m, or £2,500 per pub. That's the claim from the British Beer and Pub Association ...
Posted: 10 February 2010 | 13:25
Hotels are being warned that they have only weeks left to reclaim tens of thousands of pounds each in overpaid business rates from the last five years.
Manchester-based Commercial Valuers and Surveyors (CVS), which has helped its hotel clients save over £7m by challenging...
Posted: 03 February 2010 | 15:06
A round-up of the weekend's news affecting the hospitality industry. News includes: Analysts upgrade forecasts for Premier Inn and Costa Coffee; investors back Costa acquisition of Coffeeheaven Sir John Ritblat fails to buy back Merchant Inns; actor urges diners to shop ‘unsustainable’ fish restaurants and more...
Posted: 01 February 2010 | 10:09
If we are to argue for a cut in VAT on accommodation and meals, writes Bob Cotton, chief executive of the British Hospitality Association, the industry must provide detailed evidence of the likely impact and the benefits. But, he asks, is it the best way to help the industry out of the recession anyway?
Posted: 08 January 2010 | 14:17
A scathing House of Commons report has called for minimum pricing on alcohol in England, alongside a rise in duty on strong drinks and mandatory health warning labelling. The report by the Health Committee, published this morning, criticised the Government and the drinks industry ...
Posted: 08 January 2010 | 11:36
Two pub companies have revealed that they are to freeze beer prices despite the increase of the VAT rate to 17.5% in a bid to help out licensees. Charles Wells Pub Company announced yesterday that it would absorb price increases applied by its main supplier, Wells and Young's Brewing Co...
Posted: 07 January 2010 | 16:40
In another of his regular columns, Peter Hancock, chief executive of luxury hotel marketing consortium Pride of Britain Hotels, looks at the impact the General Election could have on the hospitality industry.
Posted: 06 January 2010 | 13:32
The industry can look back on 2009 with relief that predictions of widespread carnage had been exaggerated. Many businesses have proved resourceful in the face of economic meltdown, but the year hasn't been without its casualties, as Daniel Thomas reports.
Posted: 23 December 2009 | 12:24
Story of the week: Gordon Ramsay has saved one of his restaurants from potential liquidation by clearing its tax debt, it was reported this week, and the celebrity chef’s company, Gordon Ramsay Holdings, also announced that it is to close its Boxwood Café at London’s Berkeley hotel next April ...
Posted: 11 December 2009 | 16:03
Chancellor Alistair Darling's Pre-Budget Report (PBR) came as little comfort to hospitality operators, after he ignored calls for a cut in beer duty yesterday. Pubcos had been campaigning for Darling to remove an 8% increase in beer duty when the VAT rate returns to 17.5% on 1 January.
Posted: 10 December 2009 | 07:00
The Government makes five times as much money from the sale of beer in Britain as the nation’s brewing and pub companies, research revealed today. The Oxford Economics study, commissioned by the British Beer & Pub Association (BBPA), shows that the Government raised £7.2b...
Posted: 09 December 2009 | 00:01
The British Beer and Pub Association (BBPA) has launched a manifesto aimed at reducing the tax burden on pubs and bolstering support for them among the public. One of the core demands of the document is a call to reduce the duty rate on lower-strength beers and increase support...
Posted: 27 November 2009 | 10:00
Accountant and business adviser PKF has become the latest industry voice to call on the Government to reduce VAT for the UK’s hospitality and tourism trade next year. Richard Wild, PKF’s director of VAT, warned that when the rate reverts to 17.5% in January it could mean that UK hotels will be paying three times ...
Posted: 23 November 2009 | 13:54
Story of the week: Jonathan Raggett became the latest captain of industry to take the prestigious Hotelier of the Year title at the 2009 Hotel Cateys, which took place at the Lancaster London hotel last Friday, while fellow Hotel Cateys winner, the Michelin-starred chef Kenny Atkinson...
Posted: 13 November 2009 | 17:16
A new campaign calling on the Government to reduce VAT for tourism businesses to 5% has received a lukewarm welcome from the hospitality industry.
The British Association of Leisure Parks, Piers and Attractions (Balppa) has launched the campaign in the wake of Germany’s decision ...
Posted: 10 November 2009 | 17:00
Pubs, clubs and restaurants open past midnight on New Year’s Eve will be allowed to continue charging VAT at 15% on their sales until they close or until 6am on New Year’s Day, the Government has announced.
The rate of VAT, which was cut to 15% last December in an attempt to boost consumer spending ...
Posted: 09 November 2009 | 12:58
Oliver's iPhone cooking app tops the charts; Travelodge backs campaign to cut tourism VAT to 5%; Gordon Ramsay slams chains for ‘wiping out’ independents; Sir John Ritblat expected to buy back Merchant Inns; Pret a Manger faces inquiry over frozen foods labelled as fresh and more...
Posted: 09 November 2009 | 11:14
Story of the week: Heston Blumenthal will not face legal action over the food poisoning outbreak at his three-Michelin-starred restaurant the Fat Duck, Windsor and Maidenhead Council announced this week. Gordon Ramsay has parted company with the chief financial officer ...
Posted: 30 October 2009 | 14:54
The Government received £174m less beer tax in the first nine months of 2009, compared to the same period last year, despite huge hikes in the duty that were designed to bring in more revenue, research reveals today. The latest UK Quarterly Beer Barometer, published by ...
Posted: 29 October 2009 | 09:52
The hotel and licensed leisure sectors are due to see significant increases in rates bills from next April. Rating director David Jones considers the extent of the uplifts and actions that can be taken to reduce the burden.
Posted: 13 October 2009 | 15:42
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