Hospitality Industry: Investment and Taxation

Question

The Government provided significant tax and grant support to the sector over the course of the Covid-19 pandemic. Some of this support continues, such as the 2022-23 Retail, Hospitality and Leisure Business Rates Relief Scheme for England, announced in the Budget in October 2021, which provides eligible, occupied retail, hospitality, and leisure properties with a 50 per cent relief, up to a cash cap limit of £110,000 per business.

The Government keeps the tax system under review but currently has no plans to introduce a new tax and investment regime for the hospitality sector.