The Chancellor has been urged to take decisive action on business rates reform, hospitality VAT and post-Brexit excise duty by a coalition of industry and consumer hospitality bodies ahead of his spring statement next week.
The Wine and Spirit Trade Association (WSTA) has called on the Government to help the on-trade, as it revealed the average price of a 175ml glass of wine has increased by 21p compared to the same period last year.
Spirits drinkers’ pockets are expected to be hit by an inflation-induced price hike, following a similar story for wine, the Wine and Spirits Trade Association (WSTA) has warned.
The Wine and Spirit Trade Association (WSTA) has called for the Government to back British distilleries and vineyards with a 2% alcohol duty cut in the March Budget, a move they claim will support the growing demand for wine and spirits in the on-trade.
Publicans who purchase stock from unregistered wholesalers could face “significant penalties” under new legislation designed to tackle alcohol duty fraud, HM Revenue & Customs has warned.
JD Wetherspoon says it expects to achieve a slightly better outcome for its current financial year than previously anticipated, as it reports a 3.5% rise in like-for-like sales in the 11 weeks to 14 July and an increase in operating margins.
JD Wetherspoon has reported a 6.1% rise in like-for-like sales in the 11 weeks to 8 July, helped by “strong trading” during the Jubilee and Euro 2012, and said it expects a “reasonable outcome” for the current financial year.
Theakston, the North Yorkshire brewer, saw pre-tax profits rise 7.5% to £1.45m last year, despite seeing its duty bill increase to 48.3% of gross turnover.
So, after the time and effort the industry expended trying to persuade the Government to halt the alcohol duty escalator, George Osborne dashed our hopes with a single sentence: “Today I have no further changes to make to the main duty rates set out by...
