Chartered Accountants

Reduced VAT rate extension for Hospitality and Tourism

The government has extended the temporary reduced rate of VAT (5%) to tourist attractions and goods and services supplied by the hospitality sector. This relief came into effect on 15 July 2020 and will now end on 3‌1‌‌ ‌‌March 2021 across the UK.

For further information on this and the Winter Economy plant please go to the following link: https://www.gov.uk/government/news/chancellor-outlines-winter-economy-plan?fbclid=IwAR1cVnDFLpJpQwJrQytn0EZGCp6Rt09L4XzCBMpziIdJgMA7Ow455glnS9M

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