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Filtered By Category: Specialisms

Mar 9 2021

Budget 2021 – VAT Rates for hospitality and leisure business

Categories: LeisureTaxation

The Chancellor’s Budget extended the current 5% reduced rate for hospitality and leisure business for six months to 30 September 2021 followed by an interim rate of 12.5% before reverting to the standard rate of 20% from 1 April 2022. The extension will be welcomed by all as many businesses have been able to pass more

Mar 3 2021

How the Budget announcements affect the hospitality sector

Categories: Leisure

Following the devastating effect of the pandemic on hospitality, today’s Budget signalled an outline for the sector to return to “normality”. So, what were the key announcements? Funding sources Coronavirus Job Retention Scheme extended to 30 September 2021 with employers required to make contributions from July onwards Self-employment funding similarly extended with the 4th and more

Mar 2 2021

The Regional Food Fund reopened for applications

Categories: COVID-19Food & Drink

The Scotland Food & Drink Partnership’s Regional Food Fund has reopened for applications. Supported by the Scottish Government, the latest round of funding has £100,000 available to help drive projects that celebrate locally sourced and produced food and drink across Scotland. Managed by Scotland Food & Drink, local projects can apply for grants of up to more

Feb 19 2021

Non-domestic rates relief extended in Scotland

Categories: COVID-19Leisure

Cabinet Secretary for Finance, Kate Forbes, has announced that 100% non-domestic rates relief for the retail, hospitality, leisure and aviation sectors will be extended to cover all of the 2021-22 financial year. This builds on the three month rates relief extension announced in the Scottish Budget and will be taken forward provided the Scottish Government more

Feb 16 2021

Getting the right support for your agricultural business

Categories: AgricultureTaxation

Different businesses will have different tax issues to consider whether those issues relate to VAT, Income Tax, Capital Gains Tax, Inheritance Tax (IHT) or in some cases, all of these. An example of this is an equestrian business, whose tax needs would depend on whether it is a diversified part of a larger family business, more

Feb 8 2021

The Temporary Restrictions Fund for childcare providers

Categories: COVID-19Healthcare

There are many in Scotland’s childcare sector that continue to provide childcare to vulnerable children or those of key workers who are permitted to attend day care under the revised guidance throughout the pandemic. However, staying open under the new guidance could have a negative financial impact which is why the Scottish Government has made more