At present, all food and drink in pubs is subject to 20% VAT, compared with supermarkets which benefit from zero-rate VAT on all food.
A reduction in the level of VAT, on a long-term basis, will create a level playing field and generate growth and jobs in the important leisure and hospitality sector and help the high street, of which pubs form an integral part.
‘Customers coming to our pubs on Thursday 19 September will find that the price of their food and drinks is lower than normal.’
Source: accountancydaily.co
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