03/03/2021 The Chancellor of the Exchequer has extended the reduced rate of value added tax (VAT) that hospitality businesses have to pay. The VAT rate faced by the likes of pubs and restaurants was dropped from 20% to 5% last year as part of the government’s pandemic support measures.
Lyssna Budget 2021: VAT cut for hospitality businesses extended uttal. The Chancellor of the Exchequer has extended the reduced rate of value added tax
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News UK UK Politics Budget 2021 VAT cut for hospitality and tourism businesses extended until September, Sunak announces. 150,000 businesses ‘need our support’, says chancellor. VAT applied to food - both eat in and takeaway - accommodation and attractions will continue to be cut to 5% for a further six months to 30 September, followed by interim rate of 12.5% for another six months. The standard VAT rate of 20% will not return until April next year. Budget 2021 – VAT Rates. The Chancellor’s Budget extended the current 5% reduced rate for hospitality and leisure business for six months to 30 September 2021 followed by an interim rate of 12.5% before reverting to the standard rate of 20% from 1 April 2022. – A reduced VAT rate for the hospitality sector from 13.5 per cent to 9 per cent will be introduced with effect from November 1st until December 2021 – Debt warehousing provisions for small and Extension to the VAT cut to 5% for hospitality, accommodation and attractions across the UK until the end of September, followed by a 12.5% rate for a further six months until 31 March 2022.
2021-03-03
Budget 2021 – VAT Rates The Chancellor’s Budget extended the current 5% reduced rate for hospitality and leisure business for six months to 30 September 2021 followed by an interim rate of 12.5% before reverting to the standard rate of 20% from 1 April 2022. Ben Lake MP urges Chancellor to extend support for hospitality to 2022.
Mar 3, 2021 The cut in VAT rates for hospitality and tourism businesses introduced last summer will be extended until September, and alcohol duty will be
What’s more, the rate will then rise to just 12.5% and stay there until 31 March 2022. Only at this point will the 20% standard rate be re There are some VAT issues arising either from today’s Budget or that have already been announced and are to be legislated for in the Finance Bill 2021.
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The standard VAT rate of 20% will not return until April next year. Delivering the Budget in Parliament, the Chancellor said: "This Budget meets the moment with a three-part plan to protect the jobs and livelihoods of the British people.
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2021-03-03 · Budget 2021. This article is more Sector-specific policies unveiled in the budget include a six-month extension to the reduced 5% VAT rate for hospitality and leisure businesses,
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