6 Jan 2011

5 Jan 2011

Licensed property news: Pub industry calls for delay in VAT rise

Pub companies have called for a delay to the increase in value-added tax (VAT) following December's wintry weather, which has affected sales.

The British Beer & Pub Association (BBPA) has written to pubs minister Bob Neill with the request, echoing a call from the British Fashion Council's Harold Tillman to set the higher-rate VAT implementation date further back.

BBPA chief executive Brigid Simmonds commented: "The run up to Christmas is normally one of the busiest times for pubs as people from all walks of life meet in pubs to celebrate the festive season.

"The very cold snap over the last few weeks has had a considerable adverse effect on pubs as parties have been cancelled and people struggle to travel. If there was any consideration by ministers that the VAT increase should be postponed, it would provide considerable help to the industry."

The VAT hike was announced by chancellor George Osborne earlier this year and is set to come into effect on January 4th 2011.

Licensed property news
 

Posted via email from UK Pubs For Sale And Development

Site with planning for sale West Midlands, Site with planning for sale Dudley

Pub for sale Greater London, Pub for sale London

T Bar (Sully Shuffles) for sale London, Greater London

T Bar (Sully Shuffles)

Camberwell Road
London
Greater London
SE5

GIA: 8500 sq/ft*
 

£ 1,000,000 + VAT

Freehold

ALL OFFERS INVITED Public house over ground and 3 upper floors for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest. Approx gross GF footplate = 3115 sq.ft. Approx gross 1st floor = 3115 sq.ft. 2nd and 3rd floors = 1176 sq.ft per floor. The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents. The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes). Rateable Value: £19,250 http://www.paramount-investments.co.uk/london--property-investments.html

Posted via email from UK Pubs For Sale And Development