VATupdate
VAT

HMRC issues guidance on temporary VAT rate reduction

Following the UK Chancellor’s announcement that he is to reduce the UK VAT rate for the tourism and hospitality sector as from 15 July 2020 to 12 January 2021, HMRC have now issued some more detailed guidance on how this is to be applied.

Source: accordancevat.com

* click here if you have interesting news to share *