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F&F UK TAX TIPS

  • Farrell & Farrell
  • Aug 20, 2021
  • 1 min read

Is it too early to think about booking the Staff Christmas dinner?


The 5% VAT rate for the hospitality sector is to end on 30 September 2021 and to increase to 12.5% on 1 October 2021. This 12.5% will subsequently rise to 20% on 1 April 2022.


Did you know that if you book and pay for your Staff Christmas dinner before 1 October 2021 then there could be a 7.5% UK VAT saving?


Interestingly when these VAT rate rule changes came into force the Government did not introduce anti-forestalling legislation. This means that if any hospitality bookings are booked and paid before 1 October 2021 then the 5% rate can apply to the advance payment even though the supply is not until after 1 October when the 12.5% rate applies.


Please note that this post is generic in nature therefore always seek specific professional advice. Farrell & Farrell do not accept any liability for any direct or indirect loss arising from reliance placed herein.




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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.

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