Steep price rise warning as hospitality businesses yet to receive Omicron funding

Posted on April 7, 2022 Posted in - Blog, Business, Business Blog, leisure and hospitality, SME, SMEs, SMEs / Business, Tax, Tax Blog, Tax News, VAT

The hard-pressed hospitality industry is facing some difficult choices after the temporary cut in VAT to 12.5 per cent reverted to the full 20 per cent. It will result in double-digit price increases for consumers as operators struggle to survive, leading industry body UKHospitality says.

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