On the 8th July 2020, a temporary 5% reduced rate of VAT for certain supplies of hospitality, hotel and holiday accommodation, and admissions to certain attractions was introduced by the government.
The above changes took effect on the 15th July 2020 and have now been extended for a further six months to 30th September 2021. From September, there will also be an interim rate of 12.5% for another six months.
These changes have been brought in to support businesses critically affected by the coronavirus pandemic.
If you have any questions in relation to the above or would like to know more, please contact Jake on 01227 277667 or by emailing him at email@example.com.