Drinks industry says VAT reduction is now of âutmost urgencyâ to help pubs as delayed reopening threatens hundreds of businesses July Stimulus hailed by Government as âradical and far reachingâ and a âpackage of scale that can be deployed at speedâ must deliver specifically for pubs Governmentâs decision to further postpone pub reopenings will have […]
Worst year in the history of the pub trade Read More »
âEvidence based decision making rather than opinion is requiredâ Makhlouf scepticism on VAT rate reduction fails to consider the impact of a temporary VAT reduction on on-trade alcohol sales (in pubs, restaurants and hotel bars), according to the drinks industry Group seeks VAT rate reduction on sales of alcohol as temporary and targeted measure which
Drinks industry rejects Central Bank comments and calls for VAT reduction Read More »
Economist Anthony Foley authors report on impact of Covid-19 on the drinks industry and analyses the effect of a reduced VAT rate on on-trade alcohol sales Report concludes that consumer demand will be lower after lockdown due to higher unemployment and reduced earnings while it will likely be 2023 before we reach pre-Covid labour market