New Reduced Rate of VAT for Hospitality and Leisure
The hospitality and leisure industry were particularly hard hit by the effects of the Covid-19 pandemic and associated lockdowns. To help the industry recover they benefitted from a reduced rate of VAT of 5% from 15 July 2020 until 30 September 2021. As a temporary measure, a new reduced rate of VAT of 12.5% applies […]
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