Weddings: Coronavirus

(asked on 22nd February 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of extending business rates exemptions and the temporary VAT reduction to businesses in the wedding industry.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 2nd March 2021

This year, due to the direct adverse effects of COVID-19, the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties. The Government has also frozen the business rates multiplier for all businesses for 2021-22.

The temporary VAT reduced rate came into effect on 15 July 2020 and was initially scheduled to end on 12 January 2021. The Government extended the reduced rate of VAT (five per cent) until 31 March 2021.

The Government has provided various schemes to support firms, including those in the wedding industry, including Coronavirus Business Interruption Loans, Bounce Back Loans, grants and VAT deferrals.

The Budget will set out the next phase of the Government’s plans to tackle the virus, protect jobs and support business.

Reticulating Splines