Hospitality Industry: Business Rates
(asked on 25th May 2022) - View Source
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.
This question was answered on 6th June 2022
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.