Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if his Department will extend the (a) reduced VAT rate of 5 per cent and (b) business rates relief to the wedding industry.
The temporary reduced rate of VAT was introduced on 15 July 2020 to support the cash flow and viability of about 150,000 businesses and protect over 2.4 million jobs in the hospitality and tourism sectors.
This relief comes at a significant cost to the Exchequer, and there are no plans to extend the scope of the reduced rate. This policy will cost over £7 billion, and while some businesses in some sectors are disappointed, a boundary for eligibility had to be drawn.
Due to the direct adverse effects of COVID-19, the Government has extended the unprecedented business rates holiday for eligible retail, hospitality and leisure properties for three months, and will provide up to 66% relief for the rest of 2021-22 financial year. The Government has also frozen the business rates multiplier for all businesses for 2021-22.
The Government has made available a wider package of support worth billions which includes extensions to the furlough scheme; extensions to the COVID-19 loan schemes; grant support; a business rates holiday for all retail, hospitality and leisure business properties; mortgage holidays; enhanced Time to Pay for taxes; and VAT deferrals.
1. VAT on solar panels
09/08/2019 - Parliamentary Research
Found: uk | @commonslibrary 1. Summary VAT is charged at the reduced 5% rate on the installation of energy saving
2. VAT and Churches
07/01/2019 - Parliamentary Research
Found: Number 1051, 7 January 2019 VAT and churches By Antony Seely Contents: 1. VAT on construction work 2.
Found: surcharge: increase to £624 with £470 rate for all
extend to EEA nationals
4. VAT on sanitary protection
08/07/2019 - Parliamentary Research
Found: 1128, 8 July 2019 VAT on sanitary protection By Antony Seely Inside: 1. EU VAT law and sanitary protection
5. Alcohol taxation and the pub trade
13/02/2019 - Parliamentary Research
Found: The pub trade™s campaign against the duty escalator 5. The Coalition Government™s initial approach (2010-2012)
1. Coronavirus: Supporting Businesses and Individuals
23/02/2021 - Commons Chamber
1: extending business rates relief for at least another six months, extending the temporary 5 per cent reduced - Speech Link
2: extending business rates relief for at least another six months, extending the temporary 5 per cent reduced - Speech Link
3: people to take that risk and start up their own business. The self-employed and people starting small businesses - Speech Link
2. Oral Answers to Questions
20/10/2020 - Commons Chamber
1: formula that provides a per capita amount to the local authority of up to £8 per head at the highest tier - Speech Link
2: different from the message we received from the Chancellor last week. This morning, a member of the Monetary - Speech Link
3: different public health position now from when the Chancellor announced furlough on 20 March. Pubs and restaurants - Speech Link
3. Finance (No. 2) Bill
20/04/2021 - Commons Chamber
1: (Clauses 1 to 5; Clauses 6 to 14 and Schedule 1; Clauses 24 to 26; Clause 28; Clause 30 and Schedule - Speech Link
2: Deputy Speakers.Clause 30Construction industry schemeQuestion proposed, That the clause - Speech Link
3: Amendment 70.Amendment 85, page 121, line 5, at end insert “exceeding £3,000,000”.See the - Speech Link
4. Budget Resolutions and Economic Situation
09/03/2021 - Commons Chamber
1: amendments that deal with tax administration and relief provisions not otherwise provided for by the specific - Speech Link
2: limit. Thereafter—No. 7 onwards—the limit will be reduced to three minutes. For those who are contributing - Speech Link
3: the Budget that my right hon. Friend the Chancellor the Exchequer brought before the House last week. It - Speech Link
5. Covid-19: Hospitality Industry
24/03/2021 - Commons Chamber