Ian Parker, Whitley Stimpson Partner provides an overview on the investment in agritourism and it being a viable form of diversification.
Find out more about the changes to VAT announced in the latest Budget.
Last week the Chancellor Rishi Sunak bowed to what must have become inevitable and replaced the Autumn Budget with a series of more short-term measures, intended to address some of the immediate challenges faced by businesses trying to operate in the current difficult circumstances.
A temporary reduction in VAT for hospitality, accommodation and admissions has been introduced in response to the coronavirus (COVID-19) pandemic.
The current coronavirus crisis has led those that were previously eat-in establishments to change their business model by turning to the provision of delivery-only and/or takeaway services. This could have significant VAT consequences which need to be considered.