May 13 2022 The Food Processing, Marketing and Cooperation Grant Scheme Categories: AgricultureFood & Drink The next round of the annual Food Processing, Marketing and Cooperation Grant Scheme (FPMC) is now open for applications. As one of a number of funding schemes which make up the Scottish Rural Development Programme, the FPMC provides £10.2 million of grant funding to businesses (or groups of businesses) within the Scottish food & drink sector more
May 2 2022 FHL earnings for National Insurance and pension purposes Categories: Leisure There has been a lot of media overage surrounding the recent 1.25% increase in National Insurance Contributions (NICs) from 6 April 2022. The increase was applied across both employers and employees NICs and will revert to the previous levels when the new Health and Social Care Levy (HSCL) is introduced from 6 April 2023. How more
May 2 2022 Should I change my year end date? Categories: Leisure With confirmation that the basis period reform is going ahead as planned, it could impact many FHL businesses, where they trade as unincorporated businesses (sole trade or partnerships) and who do not use 5 April or 31 March as their accounting date. From 6 April 2024, profits and losses of sole traders and partnerships will more
Apr 4 2022 VAT for hospitality businesses has reverted to the standard rate of 20% Categories: LeisureTaxation The VAT reduction, which was first introduced for businesses trading in the hospitality sector in June 2020, ended on Thursday 31 March with the VAT rate reverting to its original rate of 20%. The reduction in VAT was given to VAT-registered businesses from the hospitality, hotel, and holiday accommodation sectors to financially support them during more
Mar 24 2022 The Omicron Business Support Fund Categories: COVID-19Leisure Earlier this year, Scottish Tourism Minister, Ivan McKee, announced details of a financial package worth up to £9 million for Scotland’s vital tourism sector. The top-up payments were given to recipients of previous VisitScotland funding and were designed to recognise the loss of revenue specifically between 8 December 2021 and 21 January 2022 in the following areas: coach operators more
Mar 14 2022 Retaining key staff in the leisure sector Categories: Leisure For many years, it has been difficult to recruit and retain key staff in the leisure sector and the impact of Brexit has simply exacerbated the problem. Having high staff turnover can be costly and it is now more important than ever for leisure businesses to elevate their efforts to recruit and retain the best more
Feb 1 2022 Further funding support available for Scottish Food & Drink businesses Categories: COVID-19Food & Drink The Scottish Government has released details on two funding opportunities available for food & drink businesses that were affected by the control measures put in place in December 2021. The applications are now open for the £2 million Scottish Food & Drink Producers Fund and a further round of the Scottish Wholesale Food & Drink more
Dec 17 2021 Further funding for hospitality and leisure businesses Categories: COVID-19Leisure Following the latest Public Health Scotland (PHS) advice to postpone work Christmas parties and limit the amount of social contact with other households, many hospitality businesses have seen countless numbers of cancellations at one of their busiest times of the year. To offer financial support to those affected, the Scottish Government has announced an update on the support more
