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UK extends cut in hospitality and tourism VAT to 5% till 31 Mar 2021

The UK has cut the reduced Value Added Tax on hospitality services from the current 20% standard rate to the reduced rate of 5% on 8 July 2020 in the Chancellor’s economic update. The measure will be in place from 15 July 2020 until 12 January 2021, this has now been extended to 31.03.2021.

Have you been impacted by this change? Need any help applying the changes?, please give us a call today.

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