Vale & West Chartered Accountants Blog

Category Archives:leisure and hospitality

HMRC reminds restaurants and takeaways of VAT obligations on hot food

HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food.

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Big hitters to join key conference on the hospitality sector

The future of the hospitality industry will be in the spotlight next month when politicians and the movers and shakers in the industry come together for a key conference.

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New initiative helps to make the most of the pavement cafe culture

The move by the Government to make pavement licences permanent presents an opportunity for the hard-pressed hospitality industry.

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Steep price rise warning as hospitality businesses yet to receive Omicron funding

The hard-pressed hospitality industry is facing some difficult choices after the temporary cut in VAT to 12.5 per cent reverted to the full 20 per cent. It will result in double-digit price increases for consumers as operators struggle to survive, leading industry body UKHospitality says.

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Getting the data right is key to growth in hospitality

Hopes that the temporary VAT cut for hospitality would be extended were dashed in Chancellor Rishi Sunak’s Spring Statement this week.

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Huge majority back move to keep hospitality VAT at 12.5 per cent

The British public is overwhelmingly in support of the temporary 12.5 per cent rate of VAT for hospitality being retained.

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Hospitality bosses develop new strategies to cope with staff shortages

Hospitality business owners have responded positively to the staff shortages caused by the pandemic, by increasing wages and implementing improved staff retention strategies.

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Business rates to halve in hospitality, retail and leisure sector, Chancellor reveals

Business rates will be cut by 50 per cent in 2022/23 for firms in the hospitality, retail and leisure sectors, Budget 2021 documents have revealed.

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Campaign launched to peg VAT at 12.5 per cent for hospitality and tourism

Setting the VAT rate permanently at 12.5 per cent will create more than 100,000 jobs and boost investment in the UK, according to a new campaign.

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“Night-time economy”- is it back on its dancing feet?

The Night Time Industries Association (NTIA) has recently revealed that due to the pandemic, 393,000 jobs have ended across the night-time economy. Read More

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