Government says this will provide certainty to pubs, breweries and distilleries facing tough challenges. End date aligns with new simpler alcohol tax system taking effect, with Chancellor reserving decision on future duty rates for Spring Budget 2023. In a statement to the House of Commons on 19 December, Exchequer Secretary to the Treasury James Cartlidge...
Article Category: Financial Support for Parks
Autumn Statement 2022: Key points for the parks sector
Chancellor Jeremy Hunt says the Government’s priorities are ‘stability, growth and public services and to protect the vulnerable’ as he delivered the Autumn statement. He announced a £55 billion package of consolidation measures with tax rises and spending cuts in order to stabilise the public finances, reduce debt and combat high inflation and high interest...
Energy saving tips for small businesses
If you’re a small business anxious to find ways to save money, the small business hub contains useful information for business owners, including: How to request a smart meter Money saving tips Energy saving tips There is also information on tariff matching, managing energy in rental properties and the smart charging of electric vehicles.
Workplace charging scheme for small accommodation businesses
Government has released guidance on the Workplace Charging Scheme (WCS). This is a voucher-based scheme that provides eligible applicants with support towards the upfront costs of the purchase and installation of electric vehicle (EV) chargepoints. It is available in England, Wales, Scotland and Northern Ireland, but not in the Channel Islands or Isle of Man...
Government introduces new Energy Prices Bill
UK government has introduced its Energy Prices Bill, putting into law support to help businesses and others with energy costs this winter. The Bill also includes powers to stop volatile and high gas prices dictating the cost of electricity produced by cheaper renewables. Government says consumers will pay a fairer price for their electricity as new...
Duty rate rises on beer wine and spirits cancelled
Chancellor Kwasi Kwarteng MP has announced he will be cancelling planned increases in duty rate rises for beer, wine and spirits. This was confirmed in his mini-budget on 23 September 2022, along with an 18-month transitional measure for wine duty. The government is also set to extend draught relief to cover smaller kegs of 20 litres and above,...
Reduction in NI rates announced
The government has announced in-year reductions to National Insurance rates and the cancellation of the Health and Social Care Levy as a separate tax. The key changes are: National Insurance contribution (NIC) rates will be cut by 1.25 percentage points for employees, employers and the self-employed, effectively reversing the uplift introduced in April 2022 for...
Government outlines plans to help cut energy bills for businesses
The Energy Bill Relief Scheme will offer discounts on wholesale gas and electricity prices for all UK businesses for six months from 1 October 2022. This new support package for businesses facing rising energy bills in Great Britain and Northern Ireland has been unveiled by Business Secretary Jacob Rees-Mogg. The new Government Energy Bill Relief...
New PM introduces Energy Price Guarantee
Support for businesses Suspension of green levies Prime Minister, Liz Truss has announced that the Government was moving immediately (8 September 2022) to introduce a new Energy Price Guarantee that would give greater certainty on energy bills, curb inflation and boost growth. She said the guarantee included a temporary suspension of green levies and mean...
Recovery Loan Scheme extended for two years
It has recently been announced that the Recovery Loan Scheme, which was launched in April 2021, has been extended for two years to continue to provide access to up to £2m for businesses recovering from Covid and, latterly, facing the challenges associated with the cost of living crisis. Read the announcement here. Follow this link...