High Street and Retail
Extension to the reduced VAT rate for the tourism, leisure and hospitality industry
Thursday, 4 March 2021
In his Budget statement the Chancellor has confirmed that the reduction in VAT for tourism, leisure and hospitality businesses from 20% to 5% has been extended by six months until 30 September. It will then rise to 12.5% for the following six months before returning to the standard rate of 20% in April 2022.
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