Page 19 - BOSS Today Issue 51

BOSS Today #51

Company vehicles
From 6 April 2021, fuel benefit charges
and the van benefit charge will increase in The government has asked the Low Pay
line with CPI.
Commission to make UK-wide recommendations
with the aim of reaching its target for a

National Living Wage (NLW) of two thirds of

median earnings, extended to those aged 21 and
Energy and environment
Carbon Price Support
The freeze on Carbon Price Support rates over, by 2024, as economic conditions permit.

at £18 per tonne of carbon dioxide will be
maintained in 2022-23. The government
intends to set out additional proposals
for expanding the UK Emissions Trading
Scheme over the course of 2021.

‘Freeport Areas’
’Freeports’ are areas where businesses
will benefit from more generous tax Restart grants Supplying into Culture or Sports?
reliefs, simplified customs procedures and These are available for: If you have customers in the culture or
wider government support. Eight areas sports? industries, they will be affected
have been earmarked: n Up to £6,000 per premises for retail by these measures announced today:
businesses (which will open no sooner
n Liverpool City Region than mid-April) Culture Recovery Fund
n Teesside n Up to £18,000 per premises for £300 million million has been earmarked
n Humber hospitality, accommodation, leisure, to extend the Culture Recovery Fund to
n East Midlands Airport personal care and gym businesses continue to support key national and local
n Felixstowe and Harwich cultural organisations in England as the
n Plymouth and South Devon Business rates relief sector recovers.
n Solent The Government will continue to provide
n Thames eligible retail, hospitality and leisure National museums and cultural bodies
properties in England with 100% business £90 million is being provided for
rates relief from 1 April 2021 to 30 June government-sponsored national
2021. This will be followed by 66% business museums and cultural bodies in England.
rates relief for the period from 1 July 2021
to 31 March 2022, capped at £2 million per Sport recovery package
business for properties that were required There will be £300 million for continued
to be closed on 5 January 2021, or £105,000 support for major spectator sports in
Supplying into hospitality, leisure per business for other eligible properties. England, including clubs and governing
and retail? bodies.
If you have customers in the hospitality, VAT reduction
leisure and retail industries, they will The temporary reduced rate of 5% VAT for More detail on all of the above can
be affected by a number of specific goods and services supplied by the tourism be found in The Red Book on the HM
measures: and hospitality sector will be extended until Treasury website. You can access this by
30 September 2021. To help businesses clicking here.
manage the transition back to the standard
20% rate, a 12.5% rate will apply for the
subsequent six months until 31 March 2022.

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