5 October 2020
The UK tax authorities have confirmed that the temporary VAT rate cut on hospitality services, from the standard rate of 20% to the reduced rate of 5%, will be extended to 31 March 2021.
It is hoped that by extending this cut, it will help to support the UK hospitality sector, which has been badly hit by the coronavirus pandemic.
This cut applies to catering, restaurant and cafe services, accommodation, and admission to attractions. It does not apply to the sale of alcoholic drinks, which remain at the standard rate of 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
ECOFIN agrees a draft directive on the 2028 proposed...
During May 2025, the Economic and Financial Affairs Council (ECOFIN) agreed a draft directive relating to the VAT rules for distance sales of imported goods...
SEE MORE
LATEST NEWS
Philippines implements VAT on e-services provided by...
The Bureau of Internal Revenue (BIR) recently published Revenue Memorandum Circular No. 47-2025, this gives further detailed guidance relating to the...
SEE MORE
LATEST NEWS
REMINDER: Estonia standard VAT rate increases to 24%...
From 1 July 2025, Estonia will increase its standard VAT rate from 22% to 24%. The reduced VAT rates will also increase from 9% to 13% and from 5% to...
SEE MORE