Taxation
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A round-up of the weekend's news affecting the hospitality industry. News includes: alcohol duty forecast to rise by 5%-plus in the Budget; UK’s first dedicated cheese restaurant opens in Chelsea; Gourmet Burger King boss buys a stake in Tortilla and more…
Posted: 22 March 2010 | 10:14
Pub operator Enterprise Inns has welcomed a package of Government measures to support community pubs but called for it to go further by reducing beer duty increases in the Budget. In a statement released following pubs minister John Healey's announcement this morning...
Posted: 19 March 2010 | 16:49
All three major political parties see the need to reform the beer tie, it emerged in a Parliamentary debate yesterday that was sponsored by Camra (the Campaign for Real Ale). The event, which was chaired by Lib Dem MP and chairman of the All Party Parliamentary Save the Pub Group...
Posted: 17 March 2010 | 12:40
Next week Alistair Darling will use his pre-election budget speech to deliver what is expected to be the most political budget in decades.
With a general election looming and the economy still in the balance, this year’s budget will be more important than ever to a hospitality sector hoping there will be some break for business and a boost for tourism.
Posted: 16 March 2010 | 14:58
A round-up of the weekend's news affecting the hospitality industry. News includes: tourism could lead UK growth with government support; Punch to shake up board to reconnect with shareholders; Center Parcs believed to be heading for flotation; Titanic menus reproduced for memorial cruise...
Posted: 15 March 2010 | 10:13
MPs reinforced the call to take the fight for a lower rate of duty on draught beer to Europe, as part of a wide-ranging debate in Parliament yesterday. Tory MP Nigel Evans, who called the debate, said: "I have asked Ministers about it and every time they say, 'Brussels won't allow it. There's a problem with Brussels....
Posted: 24 February 2010 | 12:13
Beer should be taxed at a lower rate of duty because it is a low-strength, UK-produced drink, according to the British Beer and Pub Association (BBPA). The proposal is part of the BBPA’s submission to the Treasury in advance of the March Budget. It is also being sent to the Government’s new working party...
Posted: 23 February 2010 | 11:37
Barracuda Group has posted a £336,000 pre-tax loss on a turnover of £33m for 2009. The firm, which manages pubs under the Smith & Jones, Varsity, Barracuda Bar, Juniper and Cape brands warned that the pub industry continued to face "considerable challenges" due to the recession ...
Posted: 15 February 2010 | 17:24
Story of the week: Two major chef departures this week as rumours surround Cliveden and the news that Chris Horridge, star of the Great British Menu and head chef of the property’s Waldo’s restaurant, is to leave, while earlier in the week Michelin-starred chef Ryan Simpson – and his brigade – quit the Goose...
Posted: 12 February 2010 | 14:33
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
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