The government has launched a review into the way business rates for both pubs and hotels are calculated in England and Wales – which could lead to reforms.
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The Scottish Government has announced that it will be increasing business rates relief for hospitality and music venues from 15% to 40% for the next three years (subject to a £110,000 cap per business).
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The hospitality industry has reacted to yesterday’s announcement by the government that pubs and music venues would receive a rates relief package costing £80m next year alone (as Harpers reported).
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The government has revealed a support package aimed at helping pubs and music venues in England, worth £80m.
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The introduction of 40% business rates relief for hospitality venues in Scotland with a rateable value of up to £51,000 will be a welcome introduction for many but could see more than 2,500 businesses ineligible for the scheme.
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New analysis released by UKHospitality Scotland has revealed that hospitality businesses will be significantly worse off than their English counterparts, unless the Scottish government takes decisive action to introduce business rates relief in its forthcoming Budget.
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SNP finance secretary Kate Forbes outlined the 2021/22 budget in the Scottish parliament yesterday (9 December), with some good news for ailing retailers and hospitality venues.
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