Wetherspoons to slash food and drink prices at ALL pubs today in war against tax
The Daily Mirror says Wetherspoons will cut the price of booze and food by 7.5% – but only for today.
The pub chain is making the price cuts in protect against hospitality tax rates shooting up.
Pubs like Wetherspoons normally pay 20% VAT, but are still paying 5% thanks to government cuts to help the sector weather the pandemic.
That 5% rate will rise to 12.5% at the end of this month, then eventually go back to 20% by 2022.
But Wetherspoons chairman Tim Martin wants the tax rate to be maintained at 5% to keep pubs afloat, and is cutting prices in his pubs today to highlight this.
https://www.mirror.co.uk/money/wetherspoons-slash-food-drink-prices-25051174
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