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We recognise that these are extremely challenging conditions for businesses in the tourism sector, including tour operators. We continue to closely monitor the situation.
While it will not be possible to preserve every job or business, the Chancellor’s recent package of targeted measures will help businesses to protect jobs and manage their finances in the face of reduced or uncertain demand.
Tour operators have been able to access the Government’s comprehensive economic support package, which includes the Coronavirus Jobs Retention Scheme until the end of October. It also includes a significant cut to VAT for most tourism and hospitality activities until the end of March.
We are offering impacted businesses generous terms for the repayment of deferred taxes and government-backed loans, as well as extending the application window of the government-backed loan schemes.
We are continuing to engage across Government and with stakeholders to assess how we can most effectively support the recovery of tourism across the UK.
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There are no interests to show.