This petition was submitted during the 2019-2024 parliament
Petition Enhance support for the hospitality, events, leisure and entertainment sectors
For businesses in hospitality, events, leisure and entertainment:
- Extend the repayment term of the CBILS loans from 6 to 10 years
- Allow deferred VAT repayments to be spread over 24 months instead of 11
- Continue to suspend business rates for those hardest-hit
- Extend the 5% VAT rate
More details
The hospitality, events, leisure and entertainment sector has still not been allowed to trade due to Covid restrictions. It is deeply unfair that these businesses will have to start repaying loans and tax deferrals within a matter of months. This will kill many businesses who are hanging on by a thread.
Businesses in this sector employ a vast workforce many of whom are young people. They are an important part in creating employment opportunities and a vibrant high street.
This petition is closed This petition ran for 6 months
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https://www.gov.uk/government/speeches/budget-speech-2021
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https://houseofcommons.shorthandstories.com/support-for-uk-high-streets/index.html
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