By using this website, you agree to our use of cookies to enhance your experience.


NAVA Propertymark calls for hospitality VAT cut

NAVA Propertymark members are predicting another challenging year for the hospital sector.

Chris Platts, NAVA advisory panel member, said 2023 was a year of intense challenges for the UK hospitality sector and said similar challenges will continue into 2024 without further vital support from the government.

It is suggesting a cut to the headline rate of VAT for hospitality and a long-overdue reform of the business rates system. 

Platts added: “Whilst many hospitality businesses are recording record sales over the Christmas period, this will not necessarily translate to bottom-line profits as food-inflation, rising utility costs and an increase to the national minimum wage are eroding margins. 

“If I have one over-riding message for 2024 – then it’s “’use it or lose it’ - your local pub is not just for Christmas, and it needs your custom all year round.” 


Please login to comment

MovePal MovePal MovePal
sign up