Source Accountancy daily
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UK reduces VAT on hospitality (food & non-alcoholic drinks) and tourism (accomodation & attractions) to 5% as of July 16, 2020 till Jan 12, 2021
The UK hospitality sector has been adversely affected by the Covid restrictions. An industry with 2 million employees has seen 1.4 million of them furloughed. To kickstart this from July 15 until January 12 next year...
Chancellor Rishi Sunak is set to unveil a series of measures to create more jobs for young people and further support the hospitality industry in a statement today.
Ampleaward – purchaser using UK VAT number not liable for UK acquisition VAT where goods housed in overseas warehousing regime
In Ampleaward Ltd v HMRC  UKUT 0170 (TCC), the Upper Tribunal (UT) has found in favour of the taxpayer and confirmed that HMRC was not entitled to claim UK acquisition VAT on the purchase of alcohol from a...