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UK HMRC Publishes Guidance on Temporary VAT Rate Cut for Restaurants, Pubs, Accommodation, and Attractions

|Approved Changes|United Kingdom-Isle Of Man
United Kingdom-Isle Of Man

UK HMRC has published a policy paper, Guidance on the temporary reduced rate of VAT for hospitality, holiday accommodation and attractions. The policy paper, dated 9 July 2020, explains the temporary reduction in the VAT rate to 5% for such supplies that was announced by Chancellor of the Exchequer Rishi Sunak in his Summer Economic Update in Parliament.

The guidance has also been referenced…

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