• Farrell & Farrell

UK: Reminder - New 12.5% Hospitality VAT rate from 1 October

The UK temporary reduced rate of 5% VAT for the tourism and hospitality sector will cease on 30 September 2021.


From 1 October 2021, the UK government will introduce a new reduced 12.5% rate of VAT for hospitality, holiday accommodation and attractions which will apply for the 6-months from 1 October 2021 until 31 March 2022. Thereafter the 20% normal standard VAT rate will be reinstated from 1 April 2022.





7 views0 comments

Recent Posts

See All

The BOE has today announced that it will step in and buy Government bonds to help “restore orderly market conditions”. The pound has fallen in value in recent days in response to the tax cuts announc

In response to the Bank of England interest rate increase to 2.25%, HMRC’s late payment interest rates will also increase with effect from 11 October 2022 as follows: - late payment interest rate — 4