Our blog on the latest issues in the hospitality sector.
Increased borrowing of restaurant groups grows debt pile by 19%
July 24, 2018
UHY’s recent research has found that many restaurant chains are still increasing their borrowing in order to acquire and fit out new sites, even as high-profile competitors face insolvency.
UK lags behind on tourist spending
July 10, 2018
Our recent study, comparing 2016 to 2015, has shown that tourist spending in the UK, representing 1.6% of the economy, is almost a quarter below the European average (2.1%), with the UK ranking 23rd in a study of 34 countries.
New data reveals fresh concerns for the hospitality sector ahead of Brexit
June 13, 2018
A new survey of managers and workers in the hospitality sector has revealed fresh concerns about the potential shortage of talent and staff in the face of Brexit.
How paying a service charge for a meal relates to VAT
June 5, 2018
How the service charge on a restaurant meal explains how the VAT system works.
Is your hotel business taking advantage of capital allowances?
March 7, 2018
For hotel businesses, capital allowances can provide one of the most valuable and efficient methods of reducing income tax or corporation tax liabilities on plant and machinery embedded within their property.
Hospitality sector: what’s the outlook for 2018?
February 9, 2018
Just over a year ago, we commented on the restaurant sector and Brexit in 2017. When we review the situation one year on, this is now borne out by events, as a 'perfect storm' appears to be brewing.
Technology and the independent hotel sector in 2018
February 5, 2018
Many hotel industry observers won’t need a crystal ball to predict that 2018 will witness the continuing negative impact of both online travel agents (OTAs) and companies like Airbnb on the turnover of independent hotels.
Applying VAT exemption to room hire
January 16, 2018
There have recently been several VAT Tribunal cases that have added ambiguity to the question of when room hire by hotels and similar establishments for “events” is VAT exempt.
Autumn Budget 2017: What does it mean for hospitality businesses?
November 27, 2017
The Chancellor’s Budget on Wednesday delivered generally positive news for the hospitality sector.