Last week the chancellor announced a temporary cut in the VAT rate for certain supplies in the hospitality and tourism sector.
The standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021.
The reduced 5% VAT rate applies to:
- Supplies of food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar premises across the UK.
- Supplies of accommodation and admission to attractions across the UK.
- Please visit the gov.uk website for more details about the changes announced.
Please visit the gov.uk website for more details about the changes announced.