Download the full outcome
Detail of outcome
The office of the PCA consulted on draft guidance on accounting for duty paid on alcohol and volumes of unsaleable draught products between 02 November 2018 and 11 January 2019. The consultation has now closed, and the guidance will come into force on 01 July 2019.
The guidance can be found here.
Detail of feedback received
We received 25 responses to the consultation. These mainly came from:
- Pub-owning businesses with 500 or more tied pubs
- Trade bodies and other industry organisations
- Tied pub tenants, former tied pub tenants and tenant representative groups
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The consultation seeks views on the PCA’s draft guidance and we encourage stakeholders from across the pubs industry to respond.