Britain’s gin makers are calling on Chancellor Rishi Sunak to freeze spirit duty and extend hospitality’s VAT cut to alcoholic drinks to help boost British business.
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A coalition of the country’s hospitality, tourism trade and membership bodies has called on the Prime Minister to keep VAT low for businesses to help them play their part in the Government’s levelling-up and job creation agenda.
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A major new campaign – #VATsEnough – is calling on the Chancellor Rishi Sunak to make the 12.5% VAT rate permanent for hospitality and tourism.
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Following the recent call from The Wine & Spirit Trade Association (WSTA) for the Treasury to extend the hospitality VAT reduction, leading trade bodies from the hospitality and tourism sector have aligned to add their voice to the plea.
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The Wine & Spirit Trade Association (WSTA) has called on the Treasury to freeze wine and spirit duty and extend the hospitality VAT reduction in the Autumn Budget to allow the country to climb out of the Covid-19 slump.
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The UK’s love for Australian wines shows no signs of abating. With good availability, competitive pricing, and good transport and distribution networks, supply from Australia is still extremely attractive for UK buyers and wine drinkers. Here, Paul Braydon, buying controller for Kingsland Drinks, delves into the wine trends emerging from Australia, shares insights on the category post-FTA (Free Trade Agreement), and what the UK drinks sector can expect to see next.
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Louis Roederer International Wine Columnist of the Year 2018
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The scale of the challenges facing hospitality businesses as they look to rebuild from the effects of the pandemic means government support continues to be essential, key industry bodies have said.
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The TaxPayers’ Alliance (TPA) has added its voice of support for the English wine industry calling for an end to the “unfair tax system that is crippling the industry”.
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With the rise of the Indian variant, the promised land of no restrictions is looking unlikely for this month. Lisa Riley reports.
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Members of the trade are being invited to have their say as part of a UK Hospitality (UKH) backed inquiry which aims to shore up long-term support for the on-trade once bars and restaurants reopen.
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It’s when the first question about clone types crops up that I begin to despair; or a query as to the length of time the juice spent macerating on its own skins. Or – kill me now – the wine’s exact pH level.
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Duty on wines, spirits and beers is to be frozen, Chancellor Rishi Sunak announced in today’s Budget.
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Hospitality leaders are optimistic about the long-term future of the sector and its role in the UK’s economic recovery, with many businesses seeking to grow rather than shrink, the latest CGA Business Leaders' Survey has revealed.
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UK Hospitality (UKH) has called on the industry to make its voice heard to secure further VAT cut and business rates holiday.
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The Covid-19 pandemic has failed to halt the UK’s distillery boom with new figures showing a record number of distilleries were registered in 2020.
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The WSTA has renewed its calls on the Chancellor to cut alcohol duty to allow UK businesses to “thrive and compete on a global stage”.
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A treasury minister has said there are “no current plans” to further extend the reduction in VAT for hospitality businesses despite estimates that rising rates could directly and permanently impact the sector and lead to the loss of up to 310,000 jobs.
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UK Hospitality chief Kate Nicholls has renewed calls for additional government support a year on from her first strategy meetings with ministers at the beginning of the pandemic.
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GDP figures for November, released last Friday, have highlighted the impact of hospitality on the UK’s economy and made the case for the sector to be “at the heart of reopening plans”, UK Hospitality (UKH) has said.
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