VAT boost for hospitality

VAT boost for hospitality

Government has given hospitality venues a 15% VAT reduction on most sales. Where the business would normally collect 20% in VAT they currently only have to pay 5%.

Budget 2021 – Business Taxes

Budget 2021 – Business Taxes

Here is a summary of the changes to business taxes which were announced in the Spring Budget by The Chancellor of the Exchequer.