A temporary reduction in VAT for hospitality, accommodation and admissions has been introduced in response to the coronavirus (COVID-19) pandemic.
On 8 July the government announced that VAT registered businesses will be able to apply a temporary 5% reduced rate of VAT to certain supplies in relation to hospitality, hotel and holiday accommodation and admission to certain attractions. This will apply to supplies that are made between 15 July 2020 and 12 January 2021.
These changes were introduced in response to the coronavirus (COVID-19) pandemic to help businesses that have been affected by closures and the social distancing measures in place.
For further guidance please refer to the publication below or contact Owen Kyffin on 01295 270200 or email: Owenk@whitleystimpson.co.uk