One for the diary, Wetherspoons to knock 7.5% off all their prices for one day only.

One for the diary, Wetherspoons to knock 7.5% off all their prices for one day only.

Wetherspoons will be cutting prices of all food and drink by 7.5% for one day only on the 13th September as part of their campaign for fairer VAT pricing, at present all food and drink in pubs is subject to 20% VAT, compared to supermarkets which benefit from a zero VAT rate on all food.

The offer (7.5% discount on food and drink items) applies to Wetherspoons pubs in England, Wales and Northern Ireland. In Scotland due to licensing rules the discount only applies to food and soft drinks.

Tim Martin, Wetherspoon’s founder and chairman, said:

“Pubs suffer a huge disadvantage paying about 16p in business rates per pint versus about two pence for supermarkets.

“A reduction in the level of VAT on a long-term basis will create a level playing field and generate growth and jobs in an important and vital industry – especially in beleaguered high streets.”

Kate Nicholls, UK Hospitality Chief Executive, said:

“The tax disparity between the hospitality sector and supermarkets is still far too high.

“Pubs are paying around a third of their turnover in tax compared to a fifth for big supermarkets able to sell alcohol at very cheap prices.

“A cut in the rate of VAT for the hospitality sector can help address this unfairness and allow pubs and bars to invest in their businesses and staff members.”

You may also like:

Be a financial rockstar and share this with your friends, family and co-workers to maximise savings:

More posts:

Important things to remember with everything we post:

  • If you earn over your personal allowance (currently £12,570 a year) HMRC need to get their % cut (even if the money is in cash or from another country)
  • If you’re working for yourself / earning an income on the side you need to let HMRC know – There are numerous benefits but also some drawbacks
  • You need to always ensure whatever you’re doing is legal and not hurting anyone else – be careful and always think twice
  • Some income streams may require you to have DBS check, licence, insurance or qualifications before you can start to profit from it, do your research.
  • Be careful that any additional income doesn’t compromise your studies or main income/job
  • If you work for a company check your contract, if you don’t inform them you’re working on other side projects outside of work they may have grounds to ownership on this work
Remember to follow us!