26 October 2021
The UK tax authorities have introduced a new reduced VAT rate on hospitality services of 12.5%.
The new rate replaces the temporary reduced VAT rate of 5%, which was introduced to help the UK hospitality sector recover from the impact of COVID-19. This new rate was introduced on 30 September 2021 and ends 31 March 2022 where the VAT rate will return to its original 20%.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Lithuanian reduced VAT rate changes
The Lithuanian Ministry of Finance confirmed that it will: Increase the reduced VAT rate of 9% to 12% affecting such services as domestic passenger transport...
SEE MORE
LATEST NEWS
Gibraltar to introduce a 15% sales tax
As a result of a post-Brexit agreement between the UK and Spain, the British overseas territory of Gibraltar will introduce a 15% sales tax by 2028. Post...
SEE MORE
LATEST NEWS
Philippines delays implementation of VAT on e-services...
The Bureau of Internal Revenue (BIR) delayed the introduction of VAT on supplies of digital services by foreign providers to local consumers to 1 July...
SEE MORE