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We've got all of the information you need to ensure your business is ready for the temporary VAT changes.
VAT rates for goods and services supplied by the tourism and hospitality sector are currently reduced from 20% to 5%. This change came into effect on 15 July 2020 and will remain in place until 30 September 2021. As part of the government’s plan to help restart the economy and support businesses most impacted by the coronavirus pandemic, temporary 12.5% rate will apply for these sectors from 1 October 2021 to 31 March 2022.
If the goods and services you supply are subject to the temporary reduction in VAT, find out more below on how this interacts with your Sage products.
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