Open consultation

Pubs Code Consultation: Accounting for duty paid on alcohol and volumes of unsaleable draught products

Summary

We're seeking your views on draft guidance on accounting for duty paid on alcohol and volumes of unsaleable draught products in Pubs Code forecast profit and loss statements. This consultation will run from 02 November 2018 to 11 January 2019.

This consultation closes at

Consultation description

This consultation sets out the guidance in relation to pub-owning businesses’ statutory obligations in connection with profit and loss statements under Schedule 2 to the Code. This guidance is designed to ensure an accurate and consistent approach to accounting for both the duty paid on alcohol supplied under a tied tenancy; and the volume of draught beer and cider that will be saleable after allowing for waste. Schedule 2 requires disclosure of these items in the forecast profit and loss statements that pub- owning businesses must provide to their tied pub tenants as part of a rent proposal under Part 3 of the Code or a rent assessment proposal under Part 4 of the Code.

The consultation seeks views on the PCA’s draft guidance and we encourage stakeholders from across the pubs industry to respond.

Documents

Pubs Code Consultation: Accounting for duty paid on alcohol and volumes of unsaleable draught products

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Published 2 November 2018