Covid-19 Business Update 25 – Thursday 3rd December 2020
Following our previous update on 23rd November please find below notable changes that have been released via gov.uk.
Covid-19 VAT Reduction Extension
From 15 July until 12 January 2021, the government announced a VAT cut from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding alcohol.
The government have recently announced that this VAT cut will be extended from 12 January 2021 to 31 March 2021.
This VAT reduction also applies to all holiday accommodation in hotels, B&Bs, campsites and caravan sites, as well as attractions like cinemas, theme parks and zoos.RETURN TO OUR DEDICATED PAGE FOR COVID-19 CLIENT UPDATES