Iain

[Iain @knoxomous]

@ghodoussi @Carabao_Cup Thank you both so much 🖤 🤍

[Iain @knoxomous]

@TonyRoddUK The rate of VAT needs to drop and the registration threshold for smaller businesses in general must be raised. £85k turnover is nothing and is completely out of date.

Really sorry to read what you’re going through. It’s a truly horrible time for our industry.

[Iain @knoxomous]

@Sacha_Lord And an adjustment to the threshold - this is also extremely important and needs to be pushed as much as a reduction in rate.

[Iain @knoxomous]

@UKHofficial @UKHospKate VAT reform is imperative. Threshold for reg needs to double at least, and rate must half.

[Iain @knoxomous]

@pub_that Agreed. A VAT reduction and reassessment of the threshold which is years out of date.

[Sacha Lord @Sacha_Lord]

The rise in minimum wage is fantastic news for millions and well overdue.

The Govt aren’t giving you this though, businesses are.

Many Hospitality businesses are breaking even/making a loss.

A Spring VAT reduction is now needed more than ever, to offset this increase.

[Tony Rodd @TonyRoddUK]

Gary is absolutely right. Our industry has seen record closures this year (6 F&B venues a day at the moment), and the Autumn statement hasn't offered us any additional support. Expect to see more closures. In the mean time, please support your local businesses where you can.

[Iain @knoxomous]

@AlexReilley1 A change to the VAT rate / threshold would have been the biggest help to combat current challenges for hospitality SMEs, and that’s before the rise in NLW was announced. Now we’ve got to find an extra ~10% extra profit to just stand still and cover wages. Nowhere near good enough

[Iain @knoxomous]

@Sacha_Lord VAT has got to be the next campaign. Finding an extra 10% in profit just to cover wage increases before other rises in utilities / rent / costs is just not going to be possible for so many small (especially hospitality) businesses. Feeling absolutely abandoned, again.

[Iain @knoxomous]

Absolutely deflated. Small businesses have to find a near 10% extra PROFIT to account for the pay rises next year, but without anything meaningful to balance the books. All feels a bit hopeless.

[Iain @knoxomous]

@simonjamesjupp @UKHofficial @UKHospKate Please please please look at VAT. It is absolutely crippling us.

[Iain @knoxomous]

@ThreeUK @iD_Mobile_UK Could you please investigate a network fault in NE28 as soon as possible? Internet virtually unusable tonight with similar reports from other areas. Thank you.

[Lfc Kev @Kev1Lfc]

@PolitlcsUK @thetimes It’s like the captain of the titanic offering people free swimming lessons

[Newcastle United @NUFC]

Bro doesn't even want to be here. 💀

[Sam Avery @sam__avery]

If you’re struggling to keep up with the news, let me summarise:

1. The world is burning
2. Our govt are crooks
3. Saudis own everything
4. There’s sewage in the water
5. The NHS has snapped
6. Brexit was shit
7. Billionaires run the world
8. Energy companies are Satan
9. Butter costs a tenner
10. Let’s blame immigrants

[Iain @knoxomous]

@LeeAndersonMP_ Probably taking the Napoleonic approach of sitting back quietly as you destroy yourself.

[Iain @knoxomous]

@thetimes 'Once the economy improves' lol.

[Iain @knoxomous]

@theipaper Stupid cunt.

[Iain @knoxomous]

@SkyNews Of course they fucking have.

[Iain @knoxomous]

@PeterBorgNeal Rate is far too high and the threshold for registration is far too low. Our input VAT is minuscule compared to the output VAT, as it is for many hospitality businesses. It’s a huge tax burden that we’ve got to deal with on top of energy, wages, stock and lower customer spending.