Customers will be able to enjoy a 7.5% discount at its 827 pubs - including all 19 across Lancashire
- as bosses make a stand against the Government's 'unfair' VAT charge. Prices in the pubs are being reduced for one day only to mark Tax Equality Day.
So, for example, a person spending £10 on food and drink will pay £9.25 instead. They've launched a calculator, available in their app and on their website, to let customers see how much they could save.Currently, all food and drinks in pubs are subject to 20 per cent VAT. Meanwhile supermarkets pay zero VAT on food, and are able to use that saving to sell alcohol to its customers at a discounted price.
Wetherspoon’s founder and chairman, Tim Martin, said: "The biggest threat to the hospitality industry is the vast disparity in tax treatment among pubs, restaurants and supermarkets. Supermarkets pay zero VAT in respect of food sales, whereas pubs and restaurants pay 20 per cent. "This tax benefit allows supermarkets to subsidise the selling price of beer. Pubs have been under fantastic pressure for decades, because of the tax disadvantages which they have with supermarkets.
"It doesn’t make sense for the hospitality industry to subsidise supermarkets. Customers coming to Wetherspoon’s pubs on Thursday 14 September will find the price of their food and drinks to be lower than normal. We urge the chancellor to create tax equality between pubs and supermarkets."
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