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{"id":7702,"date":"2020-07-14T15:00:43","date_gmt":"2020-07-14T15:00:43","guid":{"rendered":"https:\/\/accountantsedinburgh.co.uk\/?p=7702"},"modified":"2020-07-14T15:06:05","modified_gmt":"2020-07-14T15:06:05","slug":"vat-reduction-hospitality-holiday-accommodation-and-attractions","status":"publish","type":"post","link":"https:\/\/accountantsedinburgh.co.uk\/vat-reduction-hospitality-holiday-accommodation-and-attractions\/","title":{"rendered":"VAT reduction: hospitality, holiday accommodation and attractions"},"content":{"rendered":"

A temporary VAT reduction will be applied to the hospitality sector, holiday accommodation and some attractions, from Wednesday 15th July 2020.<\/strong><\/p>\n

The UK Government recently announced a temporary reduction in VAT rates for businesses that make supplies of hospitality, hotel and holiday accommodation and also on admission to certain attractions. This aims to help businesses that have been particularly hard hit by the recent coronavirus lockdown.<\/p>\n

The VAT reduction will apply from Wednesday 15th July until 12th January 2021, reducing the standard rate of VAT from 20% down to 5%.<\/p>\n

Crunchers’ Hamish Sheppard<\/a> is here with a short video to explain where the reduced VAT rate can be applied, and what you need to think about so that you can take advantage of the reduction. You can find the full details of the scheme on the Gov.UK website<\/a>.<\/p>\n