The VAT cut (from 20% to 5%) for the tourism and hospitality sectors has been extended from 12 January and will now end on 31 March 2021.
The reduced rate of 5% applies to: suppliers of food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar premises, supplies of accommodation and admission to attractions across the UK.
For more information please see the Government’s Winter Economy Plan
At JP Rata, we have years of experience supporting businesses in both challenging times and times of growth. Our long standing productive relationships with business
The 2022 Autumn Statement is one where a lot of our tax rates have remained unchanged, and yet we will likely end up paying more
Businesses can use the flat rate scheme to simplify their VAT calculations. It can also save them money by reducing the amount of tax payable to HMRC.
The Autumn 2021 budget did not give us many surprises. There were no significant changes to income tax rates. Instead, we were presented with extensions
