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Covid-19 Grants: Have you applied for the Omicron Hospitality & Leisure Grant?
Applications, including all required information, must be received by midnight 18th February
The Omicron Hospitality and Leisure Grant is a one-off grant to support businesses that offer in-person services in a fixed rate-paying premises. To be eligible, businesses must have been trading on 30 December 2021. Businesses that offer more than one service may only be eligible if 50% or more of their overall income comes from hospitality, leisure or accommodation.
How much will businesses receive?
Businesses that have a rateable value:
- of £15,000 or less on 30 December 2021 will receive a payment of £2,667
- between £15,001 and £50,999 on 30 December 2021 will receive a payment of £4,000
- of £51,000 or more on 30 December 2021 will receive a payment of £6,000
What are the Tax implications?
- Grant income received by a business is taxable. The Omicron Hospitality and Leisure Grant will need to be included as income in the tax return of the business.
- Only businesses that make an overall profit once the grant income is included will be subject to tax.
- Payments made to businesses before 5 April 2022 will fall into the 2021/22 tax year. Unincorporated businesses will be taxed when they receive the grant income.
Business Grant Subsidy Allowance:
- Businesses will be subject to the financial limits set out in the Business Grant Subsidy Allowance. Businesses will be entitled to receive a grant for each eligible premises.
Applications are now open. Visit Stockport Council website for full information and application – Omicron Hospitality and Leisure grant – Stockport Council
NOTE: The closing date for applications is at midnight on 18 February 2022. We will not accept any applications after this date.
Not all types of leisure businesses will qualify. For the Omicron Hospitality and Leisure grant, the definition of a leisure business should exclude: all retail businesses, coach tour operators, tour operators, and gyms and sports businesses where physical exercise or training is conducted on an individual basis or group basis.
(gyms etc will not qualify because the primary reason for visiting those establishments is not for social mixing, rather it is for physical exercise).
The link to our website is: www.stockport.gov.uk/omicron-hospitality-and-leisure-grant