vat
Stories tagged “vat”
Autumn Budget gives hospitality rates relief, little else
A higher business rates threshold removes 70,000 firms from paying altogether, but VAT and National Insurance go untouched, splitting the sector's reaction.
Bavaria restaurant insolvencies rise as the buffet returns
Hospitality accounts for one in nine company failures in Bavaria this year. The 7% VAT rate has not stopped the slide, and struggling restaurants are reaching for an old formula.
UKHospitality calls for a VAT cut before the Autumn Budget
The trade body wants hospitality VAT cut from 20% to 10% and business rates reformed further, in a four-point campaign ahead of chancellor John Healey's 28 October Budget.
Restaurant VAT cut in Germany leaves menu prices unchanged
Nine months after Germany taxed restaurant food at 7% instead of 19%, a union-commissioned study finds almost nothing got cheaper. The employers' association says the money went into wages and jobs.
Hospitality VAT cut: 800 businesses press Burnham on 10%
Chefs from Tom Kerridge to Heston Blumenthal and chains from Wagamama to Wetherspoon want the rate halved to 10%. The Treasury says any cut must be fully funded.
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