24 March 2022
Upcoming changes to the Hospitality & Tourism VAT Rates from 1 April 2022
In July 2020 the Government announced the introduction of a temporary VAT rate to help support businesses in the hospitality and tourism sector due to the Covid-19 pandemic.
Earlier last year an extension to the temporary VAT rate was granted, with an interim VAT rate also announced to ease the transition back to the standard VAT rate from 1 April 2022.
No doubt for businesses within this sector the temporary VAT rate has been a welcome measure – however it will soon come to an end. From 1 April 2022 the VAT rate for this sector will revert to the standard rate.
Please act now to ensure you are ready for the change in VAT rate.
A reminder of the rates can be found here.
As always, Dodd & Co are here to help! If you would like to discuss this further then please speak to your usual Dodd & Co contact or email Jackie Kirsopp or Stu Bell.
