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HMRC renews tax crackdown on holiday let landlords

tax

Reading Time: 2 minutesUK: HM Revenue & Customs [HMRC] has launched a renewed crackdown on holiday lets investment after it was revealed that the tax authority had opened almost 2,000 investigations into landlords letting out their properties via short-term rental platforms over the last tax year.

£700m cash grants for UK hospitality businesses

£700m cash grants for UK hospitality businesses

Reading Time: 2 minutesUK: Hospitality businesses in England most impacted by Covid-19 and the Omicron variant will benefit from £700 million in government grants, delivered to councils across the country today. Businesses in the hospitality, leisure and accommodation sectors can apply for one-off grants (maximum £6,000) depending on the premise’s rateable value: • £51,000 and above rateable value: […]

£1bn fund for UK hospitality businesses unveiled

hospitality

Reading Time: 2 minutesUK: Chancellor Rishi Sunak has announced a £1 billion fund for hospitality and leisure firms affected by the Omicron variant. The announcement comes as rising cancellations are reported by hospitality businesses. According to the government website, many have lost between 40 and 60 per cent of their December trade. The new fund will enable hospitality businesses in […]

Sunak unveils “full measure of fiscal firepower” in UK 2021 Budget

Sunak

Reading Time: 5 minutesUK: Chancellor Rishi Sunak has outlined his second Budget, extending furlough and the VAT cut for hospitality firms until September, offering £5 billion in re-opening grants for high street businesses, and more. Earlier this week, Sunak confirmed that restart grants will be available to support hospitality businesses and high street shops reopen when lockdown restrictions begin to […]