Temporary reduced rate of VAT for hospitality and tourism
Posted: 21st Aug 2020 by Hunter Gee Holroyd Business Advice General, Coronavirus, Taxation
The Chancellor’s Summer Statement on 8 July was a bit of good news for some of the sectors that have been hardest hit by COVID-19. Rishi Sunak announced that from 15 July 2020 until 12 January 2021 certain supplies of hospitality, accommodation and admission to attractions will be subject to VAT at 5% rather than… Read more
