The NFFF welcomes the measures announced by the Chancellor today, especially the help with business rates and the extension to the VAT cut. We do feel however, that there is no better time for Government to engage with hospitality to look at the way the VAT system affects the hospitality sector and to explore ways to find a better system that encourages growth and investment in our businesses and teams.
We want to protect vital tax returns for the treasury but we feel the burden could be spread more fairly at a lower rate. The current system places legitimate businesses at a commercial disadvantage as businesses that don’t operate legitimately have less tax commitment and devalue our product by selling oversized portions too cheaply.
We do feel that now is the time for Government to work with industry to BUILD BACK BETTER rather than BUILD BACK THE SAME.
Andrew, Craig, Caroline and the NFFF Board