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UK Budget 2021: Business rates cut by half for health clubs, leisure and hospitality
POSTED 27 Oct 2021 . BY Tom Walker
Sunak said the move will 'make the business rates system fairer' Credit: Shutterstock/Cubankite
Health clubs, gyms, hotels, pubs and other leisure venues will receive a 50 per cent cut in business rates over the next year
The cut was announced in today's Autumn Budget
Chancellor Rishi Sunak revealed his plans for the UK’s post-pandemic recovery
UK Health clubs, gyms, hotels, pubs and other leisure businesses will all receive a 50 per cent cut in business rates over the next year.

The cut was announced in today's Autumn Budget by chancellor Rishi Sunak and is part of the UK government's plans to provide a boost for the economy as it looks to recover from the effects of the pandemic.

Speaking at the House of Commons, Sunak said the move will “make the business rates system fairer and timelier with more frequent revaluations every three years”.

It was one of two significant announcements made regarding the industry, with the other being the confirmation of £850m worth of investment being made available for museums to "redevelop and refurbish their sites".

“The country’s most cherished museums and galleries will benefit from an £850m post-pandemic funding boost to breathe life back into our world-renowned cultural and heritage hotspots," Sunak said.

The funding will also see more than 100 regional museums and libraries being renovated, restored and revived.

Parts of the tourism sector did not fare so well, with UKinbound, the trade association that represents the interests of the UK’s inbound tourism sector, called the Budget a "kick in the teeth".

The trade body is unhappy with a new ultra long haul band in Air Passenger Duty (APD), introduced in the Budget for flights of over 5,500 miles.

It will add an economy rate of £91 to long-haul flights when it comes into force from April 2023.

Lauren Broughton, UKinbound's Head of Public Affairs, said: "Increasing APD on long-haul flights is a kick in the teeth to the UK’s third-largest export industry, which is only just beginning its recovery.

"Inbound tourism brings new money into regional economies, supports over 500,000 jobs across the country and will significantly aid the country’s economic recovery and Global Britain ambitions, but imposing further taxes on an already struggling industry is counterintuitive.”

In addition to the business rates cut, there was also some good news for pubs and restaurants in the form of a new “draught relief” scheme. It will cut the tax by 5 per cent on drinks served from draught containers over 40 litres and bringing the price of a pint down by 3p, encouraging people back to the pubs and restaurants.

To read Sunak's Budget speech in full, click here.
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  Government 'needs to set out business support' to avoid cliff-edge moment for fitness sector


The government needs to urgently set out its plans to support physical activity and fitness businesses, if it intends to delay Step 4 of its COVID-19 lockdown exit plan.
  Budget leaves fitness industry with unanswered questions, says Huw Edwards


The Budget announcement has left the UK's physical activity sector with "unanswered questions" and vowing to continue to fight for additional support, says Huw Edwards, CEO of ukactive.
  400 gyms and leisure centres already lost, further 2,400 at risk without financial support


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NEWS
UK Budget 2021: Business rates cut by half for health clubs, leisure and hospitality
POSTED 27 Oct 2021 . BY Tom Walker
Sunak said the move will 'make the business rates system fairer' Credit: Shutterstock/Cubankite
Health clubs, gyms, hotels, pubs and other leisure venues will receive a 50 per cent cut in business rates over the next year
The cut was announced in today's Autumn Budget
Chancellor Rishi Sunak revealed his plans for the UK’s post-pandemic recovery
UK Health clubs, gyms, hotels, pubs and other leisure businesses will all receive a 50 per cent cut in business rates over the next year.

The cut was announced in today's Autumn Budget by chancellor Rishi Sunak and is part of the UK government's plans to provide a boost for the economy as it looks to recover from the effects of the pandemic.

Speaking at the House of Commons, Sunak said the move will “make the business rates system fairer and timelier with more frequent revaluations every three years”.

It was one of two significant announcements made regarding the industry, with the other being the confirmation of £850m worth of investment being made available for museums to "redevelop and refurbish their sites".

“The country’s most cherished museums and galleries will benefit from an £850m post-pandemic funding boost to breathe life back into our world-renowned cultural and heritage hotspots," Sunak said.

The funding will also see more than 100 regional museums and libraries being renovated, restored and revived.

Parts of the tourism sector did not fare so well, with UKinbound, the trade association that represents the interests of the UK’s inbound tourism sector, called the Budget a "kick in the teeth".

The trade body is unhappy with a new ultra long haul band in Air Passenger Duty (APD), introduced in the Budget for flights of over 5,500 miles.

It will add an economy rate of £91 to long-haul flights when it comes into force from April 2023.

Lauren Broughton, UKinbound's Head of Public Affairs, said: "Increasing APD on long-haul flights is a kick in the teeth to the UK’s third-largest export industry, which is only just beginning its recovery.

"Inbound tourism brings new money into regional economies, supports over 500,000 jobs across the country and will significantly aid the country’s economic recovery and Global Britain ambitions, but imposing further taxes on an already struggling industry is counterintuitive.”

In addition to the business rates cut, there was also some good news for pubs and restaurants in the form of a new “draught relief” scheme. It will cut the tax by 5 per cent on drinks served from draught containers over 40 litres and bringing the price of a pint down by 3p, encouraging people back to the pubs and restaurants.

To read Sunak's Budget speech in full, click here.
RELATED STORIES
Government 'needs to set out business support' to avoid cliff-edge moment for fitness sector


The government needs to urgently set out its plans to support physical activity and fitness businesses, if it intends to delay Step 4 of its COVID-19 lockdown exit plan.
Budget leaves fitness industry with unanswered questions, says Huw Edwards


The Budget announcement has left the UK's physical activity sector with "unanswered questions" and vowing to continue to fight for additional support, says Huw Edwards, CEO of ukactive.
400 gyms and leisure centres already lost, further 2,400 at risk without financial support


Hundreds of gyms, swimming pools and leisure centres have been forced to close and thousands more are at risk unless they receive urgent, tailored, financial and regulatory support from the government.
MORE NEWS
Scruffy Dog and Simtec launch Fisher-Price themed trackless ride
Scruffy Dog Creative Group and Simtec Systems have partnered to launch a new immersive trackless dark ride featuring the popular Mattel IP, Fisher-Price.
Dohmen and Bertens join forces to launch Tourist Development and Attraction Consultants
Former Efteling COO, Coen Bertens, and former BRC Imagination Arts exec, Bart Dohmen, have partnered to set up a consultancy for the tourism and visitor attraction sectors.
Puy du Fou to create first US attraction
Puy du Fou is set to enter the US attractions market with its iconic, immersive themed visitor experience, after securing a partnership with the Eastern Band of the Cherokee Indian (ECBI).
Mather & Co-designed Gretna Green Experience opens to the public
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Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
WhiteWater

WhiteWater was born in 1980 to create places where families unite and make joyful lasting memories [more...]
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We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
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Red Raion TV - Opening Event: FICO Eataly World
Last July 7th, Red Raion took part in the opening event of FICO Eataly World, the Italian theme park dedicated to food - the only one worldwide! Find out more...
More videos:
Red Raion TV - Testimonial: Leolandia – Red Raion
Slide Efffects – Proslide Tech Inc
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
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CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

07 Jun 2022

World Sauna Forum 2022

Lapland Hotels Arena, Tampere, Finland
07-10 Jun 2022

IAAPA Expo Asia 2022

Hong Kong Convention & Exhibition Centre, Hong Kong, Hong Kong SAR
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

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