Commentary

V4.423 Temporary reduced rate—introduction

Part V4 Exemption, zero-rating and reduced rates

V4.423 Temporary reduced rate—introduction

Temporary reduced rated between 15 July 2020 and 31 March 2022

V4.423 Temporary reduced rate—introduction

On 8 July 2020, the Government announced that it would introduce a temporary 5% reduced rate of VAT for certain supplies of hospitality, hotel and holiday accommodation, and admissions to certain attractions. The period of reduced rating, initially due to end on 12 January 2021, was subsequently extended to 31 March 20211 and then at Budget 2021 it was extended to 31 March 20222.

The Government also announced at Budget 2021, that with effect from 1 October 2021, these supplies will become liable to

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial