Wetherspoon ‘can't compete with supermarkets on tax‘
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Pubco JD Wetherspoons rails at the ending of temporary cut in VAT on food as pubs prepare for non-lock down trading.
The chancellor reduced VAT on food for the hospitality industry to 5% last year, still above the rate paid by supermarkets, which was nonetheless welcome. However, it is now proposed that VAT returns to 20%, in stages, in the next year.
In a trading update the company said as at 4 July 2021, 850 Wetherspoon pubs were open, out of a total of 860. Most of the......
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