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Temporary reduced rate of VAT for hospitality and tourism

Posted: 21st Aug 2020 by Clair Watmore 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