• Latest News
  • Restaurant News
  • Hotel News
  • Catering News
  • Chef News
  • Pub & Bar News
  • Supplier News

Hospitality & Catering News

hospitality and catering news

Budget headlines looking good for hospitality, but require due diligence

October 27, 2021

Today’s Budget saw the Chancellor announce big changes for business rates and alcohol duty.

Sunak announced his plan to extend 50% business rates relief for the hospitality industry for the next financial year April 2022/March 2023.

Duty rates on alcohol will be cut from 15% to 6% in a system that sees lower strength drinks including rose wines and fruit ciders attract a lower tax rate, and higher alcohol drinks attract higher duties, including stronger red wines, fortified wines and high-strength ciders.

Pubs and bars will benefit from a new ‘draught relief’ reducing duty on draught beers sold in pubs, seeing the average cost of a pint reduced by 3p.

The Budget overall did not surprise, and as it was only announced minutes ago, much still remains to be analysed and digested.

The headlines seem favourable but the small print will need diligent examination before informed judgements taken.

Email Newsletter

Subscribe to our email newsletter and keep a close eye on the UK hospitality and catering business

Institute of Hospitality Golf Day 2023

Search h&C NEWS

  • Facebook
  • Twitter

Join our email newsletter community here

Join our email newsletter community here

Supplier News

Nevaya and Filmbankmedia Partner to Bring Hollywood Blockbusters to Hotel Rooms

The Power of Purpose: Leading Brands Unite at Cannes Lions to Champion Responsible Marketing

CRG’s Super Seven Take to the Saddle for MAG’s Bikes Against Bombs Tanzania Cycling Challenge

Australia vs. New Zealand Hotel Market Comparison 2025 from Global Asset Solutions

Worcestershire Firm Marks International Pineapple Day with Donation to Local Foodbank

Gorilla-Saving Rum Karisimbi Links Up with Spanish Caravan for Summer Solstice Beach Party

Andrew Bailey, Governor of Bank of England visits Wilson’s Foundry Showcase

Recognisable Blue Ecolabel Key to Satisfying Consumer Appetite for Sustainable Seafood in Pubs and Restaurants

Heat, hygiene and high footfall: summer kitchen risks every hospitality operator should be managing

HancNews

HancNews

News Categories

  • Latest News
  • Restaurant News
  • Hotel News
  • Catering News
  • Chef News
  • Pub & Bar News
  • Supplier News
Home | Privacy | Sitemap

Copyright © · Hospitality & Catering News