The company, which has 900 pubs across the country has announced that it will pass the tax benefit to its customers starting on Wednesday. The change will apply to a number of products, including breakfasts, burgers, pizzas, coffee and soft drinks.
However, the VAT cut, however, doesn’t apply to alcohol but the chain said it will reduce the price of some ales as a result.
As a result of the VAT reduction, same of the cheapest products on offer will include Doom Bar at £1.79 (down 31 pence, on average), Abbot Ale (down 40 pence, on average) and guest beers at £1.99 (down 26 pence, on average) at 764 of its pubs.
Ruddles bitter will cost £1.29, down 50p from £1.79 – a reduction of 28 per cent.
Meanwhile, Lavazza coffee and tea will be reduced to £1.29 (down 16 pence, on average) at the 764 pubs, which will continue to offer free refills to customers.
Wetherspoons announced the move this morning
As well as this, soft drinks will be £1.69 for diet and £1.79 for standard (down 11 pence, on average).
Breakfasts will be reduced to £3.49, down by 41p from £3.90 on average.
Tim Martin, Wetherspoon Chairman, said: “Wetherspoon will invest all the proceeds of the VAT reduction in lower prices, spread across both bar and food products, with the biggest reductions on real ale.
“Wetherspoon has campaigned for tax equality between pubs, restaurants and supermarkets for many years.
“Supermarkets pay no VAT on food sales and pubs pay 20 per cent.
“These tax differences have helped supermarkets to subsidise their selling prices of beer, wine and spirits, enabling them to capture about half of pubs’ beer sales, for example, in the past 40 years.
“A VAT reduction will help pubs and restaurants reverse this trend – creating more jobs, helping high streets and eventually generating more tax income for the government.”
As part of the reopening regulations, customers will be asked to fill out a short form with their name and telephone number every time they visit a Wetherspoons Branch.
Pubs push up prices as thousands of Britons head down the boozer [INSIGHT]
Wetherspoons crisis leaving pub without John Smith’s revealed [REVEAL]
Wetherspoons reopen: When will Wetherspoons reopen? [QUESTIONS]
The form will also ask punters to record the time that they arrived and when they leave and to drop the form into a dedicated box.
The chain has invested £11million into making sure staff and customers stay safe when branches are open, including regular cleaning and putting up signs making sure customers stand apart as well as sneeze screens and pub queuing systems.
A spokesperson for the pub chain added: “Whereas it is not a legal requirement to provide this information, the government, NHS and Wetherspoon are very keen for customers to cooperate.”