Category: VAT rates



UK announces temporary cuts to VAT rates

July 8, 2020 in News, VAT rates

UK announces temporary cuts to VAT rates for hospitality and tourism sectors  The Chancellor of the Exchequer announced today (8th July 2020) cuts to VAT rates in the UK’s hospitability and tourism sectors. This temporary reduction will see VAT rates drop from 20% to 5%.   According to Rishi Sunak, the reduced VAT rates will be…

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