Hospitality Industry Archives

Mar 17 2022

Hospitality VAT Rates Increase

By admin Covid-19, HMRC, Hospitality Industry, Potts & Co Accountancy & Business Advice News, VAT

The hospitality and tourist sectors have been supported through the Covid-19 pandemic by being able to pay a reduced amount of VAT to HMRC in respect of most sales. The reduced VAT rate was 5% from 15 July 2020 to 30 September 2021 and 12.5% from 1 October 2021 to…

Sep 13 2021

VAT Changes For Hospitality Sector

By admin HMRC, Hospitality Industry, Potts & Co Accountancy & Business Advice News, VAT

The hospitality and tourism sector has been enjoying a reduced rate of VAT (5%) since 15 July 2020. This rate applies to most supplies made by hotels, tourist attractions, members' clubs and most events venues. It also applies to the food and drink served in those premises and hot takeaway…

Mar 21 2021

VAT Boost for Hospitality

By admin Budget Update, Covid-19, HMRC, Hospitality Industry, Potts & Co Accountancy & Business Advice News, VAT

Many hospitality venues have been closed for almost a year and are still unable to open under the Covid-19 restrictions. To help them survive this period, the Government has given them a 15% VAT reduction on most sales. Where the business would normally collect 20% in VAT they currently only…

Hospitality Industry

Hospitality VAT Rates Increase

VAT Changes For Hospitality Sector

VAT Boost for Hospitality

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