Responding to the government announcement of a cancellation of planned increases on alcohol duty

Will Hawkley, Head of Leisure and Hospitality at KPMG said:

“With rising energy costs, even after welcome government intervention earlier this week, and high rates of food inflation threatening the hospitality sector, the cancellation of planned increases on wine, beer, and other alcohol duties will be welcomed, however it only stops planned increases and doesn’t reduce duty.

“Overall the hospitality sector was looking for a reduction in VAT and business rates akin to the actions taken during the pandemic to keep the sector afloat. Smaller operators in particular will remain extremely concerned about what happens after the current energy support ends in 6 months’ time.“

For further information please contact

KPMG Media Relations

Rob Smyth

Rob.smyth@kpmg.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 15,300 partners and staff. The UK firm recorded a revenue of £2.43 billion in the year ended 30 September 2021. KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 145 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.