Day: July 10, 2020

UK Chancellor announces VAT cut for hospitality sector

On 8th July, the UK Chancellor Rishi Sunak announced a cut in VAT from 20% to 5% for hospitality, tourism and accommodation services. This cut is effective from Wednesday 15th July. The announcement applies to hotel, pubs, restaurants, cafes, zoos and cinemas. It covers food, accommodation and attractions, but will not apply to alcohol. An

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