Pubs Code Consultation: Accounting for duty paid on alcohol and volumes of unsaleable draught products
Read the full outcome
Detail of outcome
皇冠体育app office of the PCA consulted on draft guidance on accounting for duty paid on alcohol and volumes of unsaleable draught products between 02 November 2018 and 11 January 2019. 皇冠体育app consultation has now closed, and the guidance will come into force on 01 July 2019.
皇冠体育app guidance can be found here.
Feedback received
Detail of feedback received
We received 25 responses to the consultation. 皇冠体育appse 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
Original consultation
Consultation description
This consultation sets out the guidance in relation to pub-owning businesses鈥� 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.
皇冠体育app consultation seeks views on the PCA鈥檚 draft guidance and we encourage stakeholders from across the pubs industry to respond.
Documents
Updates to this page
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Uploading individual responses
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Updated Pubs Code Adjudicator response to consultation.
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removal of incorrect apostrophe
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We have added a word document version of the response form.
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First published.