8 July 2020
From 15 July 2020 to 12 January 2021, the UK will cut the VAT rate applicable on hospitality services from the standard rate of 20% to the reduced rate of 5%.
This cut will apply to catering, restaurant and cafe services, accommodation and admission to attractions. It will not apply to the sale of alcoholic drinks, which will remain at the standard rate of 20%.
It is hoped that by introducing this cut it will help to support the UK hospitality sector, which has been badly hit by the coronavirus pandemic.
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.
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