VAT rates return to
The Government Furlough Scheme ended on 31st September 2021.
Government support continues for the hospitality sector
On 21st December 2021: Government introduced one-off grants for up to £6,000 per premises and further support via local authorities.
· Recovery Loan Scheme – Launched 6th April 2021 with Loans up to £10m
Reduced VAT ended 31st March 2022
Support for businesses paying Tax - 'Time To Pay Service' - you can apply to HMRC for a Time to Pay facility.
'Kick Start Scheme' - Grant Funding - aimed at providing employment for 16 - 24 year olds.
Grants available from your Local Council. Local councils all have different allocations.
Prompt, has worked with hotel groups and understand the complexity of occupancy rates, return per occupant and pricing through referral online portals.