How to apply the 5% VAT rate applicable for the hospitality sector On 15 July the Government announced a cut in the VAT rate to 5% for the hospitality sector in an attempt to kick-start the industry but with VAT on catering sales complicated at the best of times, we have to be even more […]
Monthly Archives: July 2020
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The temporary 5% VAT rate Basic outline The Government are reducing certain VAT rated supplies down from the 20% standard rate down to a 5% temporary rate. It covers the period from 15th July 2020 to 12th January 2021. Aimed at the hospitality, hotel and holiday accommodation sectors as well as admissions to certain […]
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The aim of EOHOS Government incentive to encourage people to eat or drink in eligible establishments during the month of August 2020. To assist the hospitality and leisure sector on the road to recovery. How does the incentive work? It offers the diner(s) a 50% discount up to a maximum of £10 (VAT inclusive) if […]