The guidance on the new Omicron Hospitality and Leisure Grant and the additional ARG Grant have been published. Omicron Hospitality and Leisure Grant The grant eligibility is largely similar to previous grants to hospitality and leisure businesses. The key features are: Businesses with a rateable value of up to £15k will get £2,667 Businesses with...
Article Category: Financial Support for Parks
Additional support for businesses primarily in hospitality and leisure
The Chancellor has today (21 December 2021) announced that additional support will be available for businesses that have been impacted by the Omicron variant. The package of support includes a new grant scheme for businesses in hospitality and leisure, a top up to the Additional Restrictions Grant, the reintroduction of the Statutory Sick Pay Rebate...
MPs speak out in favour of continued VAT reduction
In the recent Budget Debate, the Shadow Tourism Minister Alex Sobel raised the issue of the lack of announcements on initiatives to support and rebuild the UK tourism industry including: Extending the VAT reduction Changing the eligibility criteria for RHL business rates support His contribution can be read in Hansard and starts at Column 844....
Recovery Loan Scheme – post-Budget updates
In light of the announcement in the autumn Budget, the details of the recovery Loan Scheme have been updated. From 1 January 2022, the following changes will come into force: The scheme will only be open to small and medium sized enterprises The maximum amount of finance available will be £2 million per business The...
2021 Comprehensive Spending Review and Autumn Budget – key points
Among the highlights isa new 50 percent business rates discount for businesses in the retail, leisure and hospitality sector, up to £110,000. General economic status: GDP Growth is set to rebound and is now forecast to be 6.5% this year, up from 4% forecast in March’s economic and fiscal outlook. This will be followed by...
CJRS – what to do about late claims
The deadline for making a furlough claim has now ended. However, HMRC will accept late claims from claim periods from 1 November 2020 if you have: taken reasonable care to try and claim on time a reasonable excuse claimed as soon as your reasonable excuse no longer applies. You may have a reasonable excuse if...
Offsetting overpaid CJRS funds
HMRC has updated the guidance on CJRS payments to say that if a business has overclaimed for one employee, they can offset this by an amount, equal to any amounts that they’ve underclaimed for another employee included in the same claim period. For example,if a business claimed £4,000 for 1 June 2021 to 30 June...
Help for tourism – question in the House
Answered on: Monday 27 September 2021 Catherine West (MP for Hornsey and Wood Green): “To ask the Secretary of State for Digital, Culture, Media and Sport, what financial support will be made available to the tourism industry after the end of the Coronavirus Job Retention Scheme.” Nigel Huddleston (MP for Mid Worcestershire): “The Government has...
Scottish Government invests in the tourism sector
A multi-million pound package of support from the Scottish Government will help tourism and hospitality businesses recover from the coronavirus (COVID-19) pandemic in Scotland. The support is part of a wider £129 million investment in the sector, which has been particularly hard hit by the pandemic. The package of support includes: £4 million for VisitScotland...
House of Lords debate on tourism
On 24 June, there was a spirited debate in the House of Lords on the subject of tourism. There were a number of incisive contributions on the main issues impacting the sector at the moment. One of the key concerns that emerged was the view that more than just the voucher scheme and a new...