Pubs and Beer Duty - August 2019
I know what an impact pubs have on the social and economic life of our nation, as well in helping to promote responsible drinking, and act as a hub for communities who may often not have any other communal space. which is why I am encouraged by the support which the Government has made available to pubs.
Like any other business, pubs pay a number of taxes, but to help support them, the previous Chancellor announced in the Autumn Budget 2018 a freeze on beer, cider, and spirit duties, a decision which I welcome. Furthermore, the Spring Budget 2017 also provided a £1,000 discount on business rates bills in 2017 for pubs with a rateable value of less than £100,000 – 90 per cent of pubs in England – and I was pleased to see this extended in the Autumn Budget 2017 for a further year, through to March 2019. In addition, a one-third discount to business rates for pubs and bars with a rateable value below £51,000 was introduced in 2018, making a huge difference to many publicans.
What’s more, in order to ensure that pubs have the best chance of remaining in the community, through the Asset of Community Value scheme, communities can list facilities of local importance, including pubs. This means that if a pub owner wishes to sell up, the community has six months to come up with a plan and funding in order to try to save it. I am glad that there are now around 2,000 pubs across England listed as assets of community value, and I would recommend signing up any pubs that you know.