All Tax articles – Page 6
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InterviewsWren Pubs facing 'constant licensing battles’
The independent London pub group’s CEO, Jack Greenall, tells MCA that more needs to be done by both the government and local authorities to support expanding businesses like his
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Weekend PressJamie Oliver condemns ministers for ‘battering’ businesses
The chef and restaurateur told Times Radio the tax system does not differentiate between big players and tiny firms and Britain will become less relevant in terms of entrepreneurship
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NewsTrade bodies warn sector ‘highly exposed’ to Iran war fallout as fuel prices propel inflation
UKH has said the government should be looking closely at how it can reduce the cost of doing business for demand-sensitive sectors like hospitality amid the conflict
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Analysis & Insight‘Burdensome tax regime’ and ‘subdued consumer demand’ push up insolvencies
The latest government figures show accommodation and food services insolvencies jumped 22% month-on-month between January and February this year
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Weekend Press‘They’re not listening’: Pub boss blasts government over tax hikes
Jonathan Lawson, chief executive of Butcombe Group, accused ministers of ignoring business, making it harder for the company to invest
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NewsHalf of Franco Manca closures to be based in London
MCA understands eight of the 16 restaurants earmarked for closure are in the capital with the rest spread across the UK covering sites in Glasgow, Hove and Plymouth, amongst others.
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NewsStonegate: ‘Constructive discussions ongoing with landlords’
The pub and bar group is working with advisors at FRP to restructure its leasehold business in response to inflationary and tax pressures
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NewsJohn Vincent: ‘We need more entrepreneurs in parliament’
The Leon boss said for each restaurant with £1.3m sales, the business is paying an extra £70,000 per year in business rates and national insurance under Labour tax regime
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NewsTGI Fridays has ‘strong desire’ to return to central London
Of the 33 UK restaurants acquired by Ray Blanchette’s Sugarloaf investment firm, 31 are on solid footing with supportive landlords, though the future is uncertain for the remaining two
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Weekend PressLabour risks pricing families out of a holiday, warns Butlin’s
Chief executive Jon Hendry Pickup tells The Sunday Telegraph the government’s planned tourist tax ‘could be disastrous’ for the seaside resort chain
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InterviewsBrakspear: ‘Profitability is becoming more and more difficult to achieve’
Chief executive Tom Davies tells MCA that despite turnover remaining strong, spiralling employment costs continue to challenge the pub operator’s P&L
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Analysis & InsightTrade bodies warn operators are finding it ‘more and more difficult to make ends meet’
Data from CGA by NIQ shows that a third of hospitality businesses are now either breaking even or making a loss
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NewsStrong trading drives turnover and profit at Everards
The Leicestershire-based pub operator and brewer says it is well positioned to navigate market challenges after reporting a 90%+ rise in operating profit in its latest results
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NewsHigher costs hit profits at Wetherspoons
While the managed pub operator continues to outperform the market, Sir Tim Martin has warned ongoing cost pressures may result in profits falling slightly below current expectations
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NewsRSM: ‘With more headwinds to come, operators must act now’
As flat sales tip more operators into insolvency, RSM has warned operators must act to stave off the challenges of the current trading environment
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Weekend PressPrice of alcohol-free beer is rising much more than the real thing
Brewers do not pay alcohol duty on the products, which have taken Britain by storm, but, as reported by The Times, they say they are more complex and expensive to make
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InterviewsJonathan Neame: ‘The whole industry is screaming for a reset’
The Shepherd Neame CEO has said the ‘real turning point’ for the fate of hundreds of pubs that have closed in recent months was the hike to employer NI contributions
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Analysis & InsightLower ABV global lager ‘falls down popularity list’ among consumers
As big beer companies reduce the alcohol content of their core brands in response to increased duty, MCA explores the knock-on impact on quality for consumers, and the disproportionate hit on specialist craft brewers
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NewsJames Brown: ‘BrewDog changed the industry in its own little way’
The Brava Hospitality CEO, who previously spent nine years with BrewDog, says the brewer and bar group was the victim of an environment that burdens business rather than backing it
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NewsRachel Reeves advisor: ‘We don’t need any more restaurants’
The Chancellor’s advisor on entrepreneurship Alexander Depledge said: ”I’m not anti-hospitality but that’s not where my efforts are.”