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by-appointmentBy Appointment to
Her Majesty The Queen Suppliers of Hospitality Software Fretwell-Downing Hospitality Sheffield

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The Autumn Statement 2016

Following the release of the Autumn Statement yesterday, we wanted to provide a summary on how this may affect the Hospitality Industry in particular.

autumn-statement

– Increase in Living Wage to £7.50

– Personal Tax allowance to increase to £11,500

– National Insurance to be equalised to £157 per week

– No planned increase in Business rates

– By 2020 Corporation tax to be down to 17%

– No planned change to Tourism VAT

– £1.6bn for English regions from the Local Growth Fund

– £1bn investment into full-fibre broadband and 5G with business relief on new infrastructure.

– Beer duty to remain at 52.2p

Sources:

https://www.gov.uk/government/news/autumn-statement-2016-some-of-the-things-weve-announced
https://www.bbc.co.uk/news/uk-politics-38075649
https://www.thecaterer.com/articles/369296?utm_medium=Email&utm_source=TheCaterer&utm_campaign=thursday 

 

 

 

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Software enquiry

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