Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what assessment they have made of how much money hospitality businesses are forecast to save from the 50 per cent business rate reduction during the 2022–23 financial year.
Answered by Baroness Penn - Minister on Leave (Parliamentary Under Secretary of State)
Businesses in the retail, hospitality, and leisure sector will receive a tax cut worth almost £1.7 billion in 2022-23. This builds on over £16 billion of business rates support already provided to the retail, hospitality, and leisure sectors throughout the pandemic, including a £10 billion business rates holiday for 2020-21 and a scheme worth £6 billion in 2021-22.
Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what estimate they have made of how much money hospitality businesses saved in business rate reductions as a result of COVID-19 financial assistance in (1) 2020, and (2) 2021.
Answered by Baroness Penn - Minister on Leave (Parliamentary Under Secretary of State)
Businesses in the retail, hospitality, and leisure sector will receive a tax cut worth almost £1.7 billion in 2022-23. This builds on over £16 billion of business rates support already provided to the retail, hospitality, and leisure sectors throughout the pandemic, including a £10 billion business rates holiday for 2020-21 and a scheme worth £6 billion in 2021-22.
Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government whether the undistributed portions of the grant made available for hospitality and leisure businesses in response to the omicron variant of COVID-19 will be paid back by local authorities to HM Treasury.
Answered by Baroness Penn - Minister on Leave (Parliamentary Under Secretary of State)
The Omicron Hospitality and Leisure Grant and the Additional Restrictions Grant schemes closed on 31 March 2022. Following the closure of the scheme, BEIS will begin the process of reconciling payment data and identifying unspent funds. As set out in the guidance for both schemes, local authorities must repay unspent funds within 30 days of notification by BEIS. All funds recovered will be returned to the Exchequer via the Supplementary Estimates process.
Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what estimate they have made of the amount of revenue that was raised from online gambling in each year between 2010 and 2018.
Answered by Lord Bates
No separate estimate of revenue raised from online gambling has been made, as this information isn’t recorded on trader returns or cash receipts. HMRC publish information on total receipts from all of the betting & gaming duties, including General Betting Duty (GBD), Remote Gaming Duty (RGD) & Machine Games Duty (MGD).