Extension of the reduced rate. The rate will remain at 5 per cent until 30 September 2021. The surprise is that this will then be followed by an interim VAT rate of 12.5 per cent which will apply from 1 October 2021 and run until April 2022 when the standard 20 per cent rate is expected to be reinstated.
Source RSM
Latest Posts in "United Kingdom"
- FTT Partially Allows VAT Fraud Appeals: Director’s Unsophistication Mitigates Penalties in AAMRL Case
- UK Opens Second Consultation on CBAM Regulations; Feedback Due by May 21, 2026
- Which Delivery Costs to Include in Customs Value for Importers and Clearing Agents
- New VAT Relief for Business Donations to Charities Effective April 2026: No Charge on Gifts
- Lidded Wicker Baskets Ancillary to Food and Drink Hampers for VAT, FTT Rules
