Category: Tronc & hospitality

Hospitality and tourism sector ramps up pressure on Chancellor over VAT


Pressure is being ramped up on the Government by the hospitality and tourism sector to keep the rate of VAT at 12.5 per cent.

Campaign launched to peg VAT at 12.5 per cent for hospitality and tourism


Setting the VAT rate permanently at 12.5 per cent will create more than 100,000 jobs and boost investment in the UK, according to a new campaign.

Tip reforms show the value of well-managed tronc systems, say hospitality accountants


Government proposals to reform tipping practices in the UK’s hospitality sector underscore the value of well-managed tronc systems, according to hospitality accountancy firm, WMT. Proposals announced today by the Department for Business, Energy and Industrial…

UK set for a strong recovery from pandemic


The UK is predicted to bounce back strongly from the pandemic, with GDP growth of 8.2 per cent this year, according to an employers’ organisation. Despite the delay on the lifting of all lockdown restrictions…

Is there reason for hope despite the year to forget?


Peter Davies, Head of Hospitality for WMT Chartered Accountants, summarises a difficult year for the sector but offers hope for the future Back in her 1992 Christmas broadcast the Queen famously christened the year as…

Coronavirus: Pubs in tier two and three areas set to receive new £1,000 grant funding


Pubs that principally serve alcohol in tier two and three areas are set to receive additional financial support over the Christmas period following an announcement by the Government.

HM Revenue & Customs begins checks on Eat Out to Help Out claims


HM Revenue & Customs (HMRC) has confirmed that checks will be made on claims from the Eat Out to Help Out scheme. Approximately 4,000 businesses suspected of making an incorrect claim will be contacted asking…

Employers should be mindful of 29 February 2020


2020 is a leap year, which means there is an additional day in February – the 29th. For many, this will have absolutely no impact on their pay, but employers are being urged to exercise…

Future-proofing your hospitality business


The digital revolution means the world of business is changing at a galloping pace. Restaurant, bar and hotel operators need to keep up with the change to maintain a competitive advantage. On Wednesday 18th September…