VAT

News

MPs' inquiry recommends hospitality VAT remains at 12.5%

17 March 2022 by

An inquiry by a group of MPs has recommended that VAT for the hospitality and tourism sectors remains at 12.5% beyond March.

Business

UKHospitality launches campaign to stop the government from changing the VAT rate

23 February 2022 by

Kate Nicholls, chief executive of UKHospitality, speaks to Emma Lake about the trade body’s campaign to rethink the coming changes to VAT

#VATsEnough campaign calls for chancellor to lock in lower VAT rate for hospitality News

#VATsEnough campaign calls for chancellor to lock in lower VAT rate for hospitality

07 October 2021 by

A major new campaign – #VATsEnough – is calling on the chancellor Rishi Sunak to make[...]

Hospitality VAT: businesses warn of closures and price rises if tax returns to 20% News

Hospitality VAT: businesses warn of closures and price rises if tax returns to 20%

01 October 2021 by

Business owners and trade bodies have called for a permanent freeze in the level of hospitality[...]

Rising food prices drive inflation rate up to 3.2% News

Rising food prices drive inflation rate up to 3.2%

15 September 2021 by

Rising food prices have bumped the annual rate up by 3.2%, following the largest monthly increase[...]

Fazenda to give restaurant staff 10% pay bonus using VAT savings News

Fazenda to give restaurant staff 10% pay bonus using VAT savings

07 July 2021 by

The owner of the Fazenda restaurant chain is using savings from the cut in hospitality VAT[...]

Six things to look out for in Rishi Sunak’s Budget today for hospitality News

Six things to look out for in Rishi Sunak’s Budget today for hospitality

03 March 2021

Chancellor Rishi Sunak is to confirm today what measures he will put in place to protect the UK economy and hospitality businesses.

Calls for hospitality Budget support backed by more than 80 MPs News

Calls for hospitality Budget support backed by more than 80 MPs

01 March 2021

More than 80 cross-party MPs are urging the chancellor to provide decisive financial support to protect the hospitality sector and for the VAT cut, business rates holiday and furlough scheme to be extended.

Jason Atherton and Chantelle Nicholson back campaign calling on chancellor to save hospitality News

Jason Atherton and Chantelle Nicholson back campaign calling on chancellor to save hospitality

26 February 2021 by

Calls are mounting for the chancellor to support hospitality in his Budget next week, including a[...]

Operators optimistic about sector’s long-term future – but urgent support needed for survival News

Operators optimistic about sector’s long-term future – but urgent support needed for survival

25 February 2021 by

Hospitality leaders are optimistic about the long-term future of the sector and its role in the[...]

Gordon Ramsay says restaurant industry 'should be less of a masculine world' in conversation with chancellor News

Gordon Ramsay says restaurant industry 'should be less of a masculine world' in conversation with chancellor

19 February 2021 by

Gordon Ramsay has said the restaurant industry "should be less of a masculine world" in conversation[...]

More than 160 hospitality CEOs call on chancellor to extend VAT and rates relief News

More than 160 hospitality CEOs call on chancellor to extend VAT and rates relief

15 February 2021 by

More than 160 hospitality chief executives have written to chancellor Rishi Sunak ahead of next month’s[...]

New GDP figures 'highlight damage to UK’s hospitality sector' News

New GDP figures 'highlight damage to UK’s hospitality sector'

12 February 2021

Data published by the Office for National Statistics reiterate the economic importance of the UK’s hospitality sector, says UKHospitality.

VAT petition surpasses 10,000 signatures News

VAT petition surpasses 10,000 signatures

08 February 2021

A petition to extend the VAT cut for the hospitality industry until at least March 2022 has surpassed 10,000 signatures, meaning the government must respond to it.

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