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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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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.
Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
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
Museum operators using AR to take their exhibits global
Two leading museum operators in the UK have partnered with an augmented reality specialist to present holographic exhibits and experiences for students around the world.
John McAslan + Partners-designed M7 cultural hub and museum opens in Doha
A new creative hub in Doha looks to position itself as the new heart of Qatar’s fashion and design industry – as well as a public showcase for innovation and entrepreneurship in the region.
North American and Japanese attractions dominate 2021 Thea Awards
North America and Japan-based visitor attractions and businesses picked up 14 of the 19 Thea Awards this year.
IAAPA news: VRstudios and Creative Works launch 'Fury' VR attraction
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ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
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TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
+ More profiles  
FEATURED SUPPLIER

Giving the Gift of an experience has limitless benefits
As we emerge from the clutches of Covid and our freedom of movement is fully restored, giving the gift of an experience is more appealing than ever before. [more...]
VIDEO GALLERY

Proslide Tech Inc - ProSlide | Atlantis Dubai
More videos:
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

01-07 Dec 2022

World Leisure Congress 2022

tbc, Dunedin, New Zealand
+ More diary  
 


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Tel: +44 (0)1462 431385

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