Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
23 October 2020
The COVID-19 Restrictions Fund – vital support for the hospitality sectorTo help support those businesses affected by the new restrictions, the Government announced a £48 million support package called The COVID-19 Restrictions Fund.
How much can businesses claim and how do you apply? I’ve covered the key points you need to know in this short blog.
24 September 2020
VAT cuts for the Hospitality & Tourism sectorAs the Government seeks to revive the UK economy after months of lockdown, the Chancellor announced a £4 billion commitment to reduce the rate of VAT from 20% to 5% in the hospitality and tourist sectors. Both reductions will run from 15 July 2020 to 31 March 2021.
31 July 2020
Further support for hotels and self-catering accommodation in ScotlandThis week the Scottish Government announced further funding for the hospitality & tourism sector with a £14 million hotel recovery programme to support businesses until the start of next summer.
29 July 2020
Claims under the Eat Out to Help Out SchemeCafés, Bars and Restaurants wishing to take part in the Government’s Eat Out to Help Out scheme in August, can apply to register for the scheme now.
30 April 2020
Coronavirus - Scottish Government launches Hardship Funds for Scottish SMEsAs of 30 April 2020, the Scottish Government has opened applications for Scottish SMEs who are in a vulnerable financial position as a result of the COVID-19 pandemic, to receive a further lifeline.The bespoke, needs-based funding in the form of three new grants, will be administered by Scottish Enterprise and awarded to the newly self-employed suffering hardship and SMEs in distress. Our advisers have reviewed the criteria relating to the three funds and summarised the key points in this blog.
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