Further announcements in the Summer Budget 2020 was the reduction of VAT for certain sectors.
From 15 July until 12 January 2021, VAT is to be reduced from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding alcohol.
The reduction also applies to holiday accommodation in hotels, B&Bs, campsites and caravan sites as well as attractions e.g. cinemas, theme parks and zoos.
If we can help with this complex area of your business, then please contact us on 0113 2864486.
Source: GOV.UK
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