VAT Rate cut for hospitality & tourism industry
Yesterday, chancellor Rishi Sunak, announced measures to help the hospitality and tourism industries get back on track by temporarily cutting VAT rates from 20% to 5%. Many other measures were announced at the same time as part of the ‘Plan for Jobs’ initiative to help support businesses and the economy after the impact of COVID-19. […]
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Deferring your VAT payment
The Chancellor announced a VAT payments deferral system on 20 March to support businesses with cash flow during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments that are due between 20 March and 30 June. You, therefore, have until 31 March 2021 to […]
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