COSTS IN THE H&L SECTOR, WHAT’S THE IMPACT OF THE VAT INCREASE?
The recent reinstatement of a 20% VAT rate is likely to cause severe financial difficulty for many hospitality and leisure (H&L) businesses at a time when costs are rising and […]
Insights
Hospitality and Leisure: key considerations for 2022
Click a title below to jump to this section of Brighter Thinking. Business Rates and Business Costs Attracting, Hiring and Retaining talent Technology HOSPITALITY AND LEISURE: BUSINESS RATES AND BUSINESS […]
How can H&L sector employers boost recruitment during times of worker shortages?
Throughout the Covid-19 pandemic, the forced lockdowns and multiple restrictions, there is no doubt that the hospitality and leisure sector has suffered tremendously, with one of the largest problems lying […]
H&L businesses: VAT overpayment claims could be on the rise as we approach Christmas
There is no doubt that restaurant and pub businesses have faced a perfect storm of challenges throughout the pandemic. At a time when factors such as continuing staff shortages, rising […]
National Minimum Wage Changes April 2022 – Don’t get caught out!
One of the biggest changes we will see in payroll for 2022/23 are the National Minimum Wage (NMW) increases. Chancellor Rishi Sunak said that the increase, “ensures we’re making work […]
Strategic Thinking – What can your business learn from Gatwick Airport?
Gatwick Airport have just concluded a 12-week public consultation on a planned 16-year project to better utilise its existing North Runway as a low impact method of unlocking capacity and […]
Annual Investment Allowance Limit Extension
The Annual Investment Allowance (AIA) gives businesses the opportunity to claim 100% capital allowances in the year of expenditure on qualifying capital assets. £1 million annual investment allowance extended to […]
60 second interview… Britannia Row Productions
Our Hospitality and Leisure specialist Laura Madeley chats to Christina Bosch, Finance Director at Britannia Row about how they adapted through the pandemic. Britannia Row provide high-end audio equipment to […]
Challenges, solutions & optimism in the Hospitality sector
Article curated by Hospitality and Leisure Specialist and Assistant Audit Manager Jordan Graves It is no secret that the last two years have been exceptionally challenging for the Hospitality industry. […]
Booking deposits & cancellation fees, What’s the vat impact?
The basic premise is that VAT is due if there is a supply for a consideration. The supply will either be physical goods or a service and the consideration is […]
Autumn Budget 2021: Hospitality and Leisure wish list
Tax increases the Government may be devising in order to recover expenditure from dealing with the pandemic need to be cautiously measured. This would aid in preventing additional problems for […]
Podcast: From surviving to thriving – preparing for the future of the Hospitality Sector
Menzies Head of Hospitality and Leisure, Chris Maloney, and hospitality management specialist, Ricard Santomà, examine the challenges the Hospitality and Leisure sector has faced over the past year. They discuss […]
VAT: Hospitality Sector Change Of Rate Issues
As part of the government’s response to Covid they announced a reduced rate of VAT for the hospitality sector which included hotels and tourist attractions. The rate is changing from […]
The future of travel: what next?
The past 18 months of ever-changing travel restrictions across the globe has certainly caused major disruption for the travel industry. Now, as restrictions ease, travel seems to be opening up […]