1-3 of 3 results for primarymember:"Gary Sambrook"
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To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect of a return to a 20 per cent VAT rate for the hospitality and tourism sectors on the ability of those sectors to compete in a global marketplace.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect of a return to a 20 per cent VAT rate for the hospitality and tourism sectors on the ability of those sectors to compete in a global marketplace.
Raising £130 billion in 2019/20, VAT is an important source of revenue and is vital for funding public services such as health, education and defence.
The temporary reduced rate of VAT was introduced on 15 July to support the cash flow and viability of over 150,000 businesses and protect 2.4 million jobs in the hospitality and tourism sectors, and is due to run until 31 March 2021. This measure is aimed at helping businesses recover from the impacts of COVID-19.
The Government keeps all taxes under review, and any future tax decisions will be made at Budget.
To ask the Chancellor of the Exchequer, what plans his Department has to apply the reduced rate of VAT to wedding venues.
To ask the Chancellor of the Exchequer, what plans his Department has to apply the reduced rate of VAT to wedding venues.
The temporary reduced rate of VAT was introduced on 15 July to support the cash flow and viability of over 150,000 businesses and protect 2.4 million jobs in the hospitality and tourism sectors, and is due to run until 31 March 2021. Hospitality for the purposes of this relief includes the supply of food and non-alcoholic beverages from restaurants, cafes, pubs and similar establishments for consumption on these premises. It also includes the supply of hot food and non-alcoholic hot beverages to take away.
The Government has also announced a significant support package to help businesses from a whole range of sectors through the winter months, which includes an extension of the Coronavirus Job Retention Scheme, an extension of the Self-Employment Income Support Scheme grant, and an extension of the application window for the Government-backed loan schemes.
The Government keeps all taxes under review, and any future tax decisions will be made at Budget.
What fiscal steps his Department is taking to improve transport connectivity throughout the UK.
What fiscal steps his Department is taking to improve transport connectivity throughout the UK.
Improving transport connectivity throughout the UK is vital to the Government’s levelling up agenda. That is why at the Spending Review, the Government announced a new £4 billion Levelling Up Fund to invest in local infrastructure that has a visible impact on people and their communities. This is in addition to already announced transport investment through intra-city transport settlements, the Transforming Cities Fund and RIS2.
Throughout the pandemic, the Government has also made over £12 billion available to transport services across the UK.