For one day only, Wetherspoon’s will cut their food and drink prices by 7.5%.
With Weatherspoon’s domination of 827 pubs across the UK, they are one of the nation’s favourite pub chains.
The price cut will happen on Thursday 14th of September, this is in line with Tax Equality Day to highlight the advantage of a permanent reduction of VAT in the hospitality industry. All pubs across England are subject to 20 per cent VAT.
Wetherspoons have said: “A customer spending £10 on food and drinks will pay only £9.25 on Tax Equality Day.”
The tax difference between pubs and supermarkets has driven Wetherspoons to promote this price cut. “Supermarkets pay zero VAT in respect of food sales, whereas pubs and restaurants pay 20 per cent.”
Supermarkets have the benefit of selling food and alcohol at a lower price due to their zero VAT. Wetherspoons stated: “pubs have been under fantastic pressure for decades, because of the tax disadvantages which they have with supermarkets.”
Wetherspoons are urging the chancellor “to create tax equality between pubs and supermarkets.”
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