JD Wetherspoon has reported an 8% rise in like-for-like sales in the 11 weeks to 13 January but said it expects operating margin for H1 to be c8.2%, roughly 1.1% lower than in the previous financial year, due to rising costs.
Thousands of pubs will continue to benefit from paying no business rates, or a discounted rate, for another year, as the Government has announced that it will extend the small business rate relief (SBRR) holiday to April 2014.
Pubs have been saved from an average 11% rise in business rates payments, following the Government’s announcement to push back revaluations by two years.
JD Wetherspoon (JDW) chairman Tim Martin has accused pub companies of being “silent” in the fight against the tax differential between supermarkets and pubs.
Nine out of 10 licensees refurbishing their pubs are missing out on thousands of pounds in unclaimed tax relief, known as capital allowances, according to tax specialists MoneyBee Tax.
There’s “something very wrong” with Britain’s tax system when firms like Starbucks pay “next to nothing” while brewers endure an “unsustainable” tax burden, British Beer & Pub Association (BBPA) chairman Jonathan Neame has said.
Castle Rock Brewery is tempting disillusioned Starbucks customers with coffee deals in its pubs on the back of the tax scandal that has engulfed the US coffee giant.
Certain conditions need to be met to ensure the overall mergers and acquisitions market returns to strength, claimed Peter Hansen, founder of Sapient Corporate Finance.
Pub tenants and lessees with gaming machines will be responsible for the upcoming change in the way the machines are taxed, according to the British Beer & Pub Association’s (BBPA) new guidance.
PMA beer writer Roger Protz has written an open letter to Chloe Smith MP, Economic Secretary to the Treasury, urging her to reconsider the Government's position on beer taxation.
JD Wetherspoon has reported a 2% rise in like-for-like sales in the 13 weeks to 22 April, as it revealed plans to further scale down its opening programme and predicted its tax bill will reach half a billion pounds this year.
John Healey, Labour MP for Wentworth, has agreed to join the panel of the All-Party Parliamentary Beer Group (APPBG) Duty Fraud Inquiry, which was launched last week.
Pub companies and trade groups have expressed their dismay at the Chancellor’s decision to maintain the alcohol duty escalator in the 2012 budget, which has resulted in a 5% rise in duty - to come into force at midnight on Sunday.
The drink debate is firmly on the agenda in pubs, clubs, doctors’ surgeries and even the House of Commons bar, where it could be said that low prices encourage our stressed MPs to binge at the taxpayers’ expense.
Ten Brakspear pubs in Henley-on-Thames are to stage a Tax-Free Beer Day on 28 February, as a way of highlighting the punitive taxation on beer in the run up to the Budget.
SABMiller has defended itself against allegations of tax evasion after the University of Edinburgh banned all of the brewer’s beers from its student union.
JD Wetherspoon (JDW) chairman Tim Martin has described comments made by Enterprise Inns chief executive Ted Tuppen on tax and regulation as “confused thinking”.
The Government needs to help the pub and brewing industries rather than sucking them dry, argued Ralph Findlay, chief executive of Marston’s and chairman of the British Beer & Pub Association (BBPA), last week.
Managed pub operator JD Wetherspoon has reported annual sales above £1bn for the first time, although the company blamed higher interest charges for denting profit before tax and exceptional items by 5.9%.
The Publican's Morning Advertiser asked five companies who run managed pubs — and employ a combined 100,000 people — for their views on our campaign to reduce VAT to 5% within the hospitality sector. Here's what they said...
The bosses of five major managed pubcos have declared support for the Publican's Morning Advertiser's (PMA's) Thrive on 5 campaign to get VAT reduced to 5% across the hospitality industry.
Chancellor George Osborne has confirmed in today's Budget the alcohol duty escalator will stay - meaning the price of a pint will rise by around 4p....
Business secretary Vince Cable is to outline plans today on how the Government will cut red tape for small businesses, including no new domestic laws...
A higher threshold on stamp duty, lower business rates and capital gains relief are what pub property agents are calling for in this month's Budget....
A leading business group has called on the government to make it easier - and cheaper - for small businesses to hire and fire staff. The tough line,...
Tax is one of those words that immediately gets your back up. It reeks of unfairness, is synonymous with the state penalising the little guy, and is...
No sooner had McMullen, the Hertford-based family brewer, welcomed another member of the McMullen clan to its ranks than he goes and comes up with a...
Tim Martin this morning criticised the Government for burdening pubs with legislation to curb binge-drinking, and driving drinkers to the supermarkets.
Busy location on coastal main road
Extensively renovated detached public house
Five trade areas (100)
Sizeable refurbished 4-5 bedroom accommodation
Newly created beer garden (125)
Established and popular business...
