Wetherspoons to slash food and drink prices at ALL pubs today in war against tax

Wetherspoons to slash food and drink prices at ALL pubs today in war against tax

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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