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<p>This Government has provided around £400 billion of direct support to the economy
during the pandemic, and as part of that it has provided £16 billion of business rates
relief to the retail, hospitality and leisure sectors in England.</p><p> </p><p>At
Autumn Budget 21, the Government announced a new temporary relief worth almost £1.7
billion for these sectors to support local high streets as they adapt and recover.</p><p>
</p><p>At Spring Budget 21, the Government extended the 5% temporary reduced rate
of VAT for the tourism and hospitality sectors until the end of September. On 1 October
2021, a new reduced rate of VAT at 12.5% was introduced to help ease businesses back
to the standard rate. This rate will end on 31 March 2022. There are no plans to extend
the length of this relief again.</p>
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