Following the chancellor’s budget announcement on Wednesday, a number of policies will have a knock-on effect for golf clubs and their operations.
The main implications are detailed below:
- Clubs will be able to access the government’s furlough scheme until the end of September following the announcement that it is to be extended beyond the summer. For more information, including how to claim for an employee’s wages via the Coronavirus Job Retention Scheme, click here.
- Golf courses have been given an exemption from changes to laws around the use of red diesel following a government consultation. It was announced at last year’s budget that the right to use the fuel would be removed from most sectors due to its harmful emissions and to encourage greener alternatives. However, following the consultation where it was argued that the financial implications would lead to the cost being passed on to golfers and, therefore, causing a likely drop in membership numbers and participants as a result, the exemption has been made.
- Clubs that deferred VAT payments between March and June 2020 under the VAT Payment Deferral Scheme can join a new scheme to pay it off in smaller instalments. The option provides them with the opportunity to pay in up to 11 interest free instalments before the end of the year. For more information and to find out how clubs can opt-in, click here.
- Finally, the government have announced that alcohol duty rates have been frozen for a second successive year.