>Hospitality businesses were hit hard by the changes to NICs, which rose from 13.8% to 15% earlier this year, alongside changes to business rates. The employer NIC threshold was also lowered from £9,100 to £5,000.
And minimum wage is up… Not saying these aren’t necessary but this sounds like a quadruple whammy.
HotTubMike on
British people and businesses are overtaxed.
The tax base cannot support the state’s programs or liabilities.
It’s going to crash.
SuspiciousAgency5025 on
Nothing to do with pubcos and big “breweries” overcharging the landlord for Carling, no?
No, of course not /s
SecretPerfectMaster on
Well Gen Z seems to be perfectly content with harassing women and queer people from the comfort of their own homes with the advent of the “Tik Tok” age, and so pubs are no longer needed. Let them close
Sea_Reality9716 on
If only there were a few thousand very wealthy people we could tax by a couple percent to remove the need for NI hikes…
HammerTam59 on
I see. Margaret Thatcher coined a phrase “moaning minnies” and I’ve never heard more from the Tory party and Reform U.K. than ever before.
There’s a big difference between entrepreneurship and greedy business practices. We are able to work out the difference through accounting and no one is criticising a company for making a profit, it is just the amount of price gouging for greed that is the tell.
It is not a right of a business to trade expecting an unacceptably large rake of the profits or it’s not worth it. That is not trading, it is greed.
Difficulties with small businesses are known in all environments. It is damn hard work and commitment just to get started and turn the corner into profit, but it is always a risk until it functions without the executives needing to put hands on constantly to run the ship.
Banks do not tend to lend to businesses where the CEO is the progenetor without which the business fails.
Street_Adagio_2125 on
“According to a new industry survey…”
Could this be a lot of people reporting that the tax rises are crippling them in the hopes they get reversed?
NaniFarRoad on
So 2/3 are prospering? Isn’t that good for this sector?
Lonyo on
Losing money thanks to tax rises, or thanks to absurd rents?
mt_2 on
Important to note that before this “tax rise”, 29.5% of hospitality businesses were losing money anyway, so to say the rise to 33% is thanks to the “tax rise” is incredibly disingenuous, maybe for that 3.5% it is, but the remaining 29.5% not so much.
Midghamsteve on
We cannot keep subsidising businesses through reduced tax, society needs to be paid for through business and personal taxes and better regulations, like getting Offgem to properly price energy so businesses and us get reduced costs! Councils, education, NHS all do not have enough to need societies expectations, so we need to tax the wealthy businesses and people a bit more.
SmashedWorm64 on
“It’s the tax rises!” And definitely not the huge rent costs/ pub monopolies
12 commenti
>Hospitality businesses were hit hard by the changes to NICs, which rose from 13.8% to 15% earlier this year, alongside changes to business rates. The employer NIC threshold was also lowered from £9,100 to £5,000.
And minimum wage is up… Not saying these aren’t necessary but this sounds like a quadruple whammy.
British people and businesses are overtaxed.
The tax base cannot support the state’s programs or liabilities.
It’s going to crash.
Nothing to do with pubcos and big “breweries” overcharging the landlord for Carling, no?
No, of course not /s
Well Gen Z seems to be perfectly content with harassing women and queer people from the comfort of their own homes with the advent of the “Tik Tok” age, and so pubs are no longer needed. Let them close
If only there were a few thousand very wealthy people we could tax by a couple percent to remove the need for NI hikes…
I see. Margaret Thatcher coined a phrase “moaning minnies” and I’ve never heard more from the Tory party and Reform U.K. than ever before.
There’s a big difference between entrepreneurship and greedy business practices. We are able to work out the difference through accounting and no one is criticising a company for making a profit, it is just the amount of price gouging for greed that is the tell.
It is not a right of a business to trade expecting an unacceptably large rake of the profits or it’s not worth it. That is not trading, it is greed.
Difficulties with small businesses are known in all environments. It is damn hard work and commitment just to get started and turn the corner into profit, but it is always a risk until it functions without the executives needing to put hands on constantly to run the ship.
Banks do not tend to lend to businesses where the CEO is the progenetor without which the business fails.
“According to a new industry survey…”
Could this be a lot of people reporting that the tax rises are crippling them in the hopes they get reversed?
So 2/3 are prospering? Isn’t that good for this sector?
Losing money thanks to tax rises, or thanks to absurd rents?
Important to note that before this “tax rise”, 29.5% of hospitality businesses were losing money anyway, so to say the rise to 33% is thanks to the “tax rise” is incredibly disingenuous, maybe for that 3.5% it is, but the remaining 29.5% not so much.
We cannot keep subsidising businesses through reduced tax, society needs to be paid for through business and personal taxes and better regulations, like getting Offgem to properly price energy so businesses and us get reduced costs! Councils, education, NHS all do not have enough to need societies expectations, so we need to tax the wealthy businesses and people a bit more.
“It’s the tax rises!” And definitely not the huge rent costs/ pub monopolies