{"id":893,"date":"2020-08-10T00:00:00","date_gmt":"2020-08-10T00:00:00","guid":{"rendered":"https:\/\/taxbak.co.uk\/index.php\/2020\/08\/10\/vat-changes\/"},"modified":"2020-08-10T00:00:00","modified_gmt":"2020-08-10T00:00:00","slug":"vat-changes","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2020\/08\/10\/vat-changes\/","title":{"rendered":"VAT changes"},"content":{"rendered":"<p>In an attempt to address the financial difficulties of businesses in the hospitality and tourism industries, Rishi Sunak also announced a range of VAT reductions on selected supplies for these sectors.<\/p>\n<p>Summary of the changes are set out below:<\/p>\n<p><strong>Hospitality<\/strong><\/p>\n<p>When you supply food and non-alcoholic beverages for consumption on your premises, between 15 July 2020 and 12 January 2021 you will only need to charge 5% VAT.<\/p>\n<p>You will also be able to charge the reduced 5% rate of VAT on your supplies of hot takeaway food and hot takeaway non-alcoholic drinks.<\/p>\n<p><strong>Hotel and holiday accommodation<\/strong><\/p>\n<p>You will also benefit from the temporary reduced rate if you:<\/p>\n<ul>\n<li>supply sleeping accommodation in a hotel or similar establishment<\/li>\n<li>make certain supplies of holiday accommodation<\/li>\n<li>charge fees for caravan pitches and associated facilities<\/li>\n<li>charge fees for tent pitches or camping facilities<\/li>\n<\/ul>\n<p><strong>Admission to certain attractions<\/strong><\/p>\n<p>If you charge a fee for admission to certain attractions where the supplies are currently standard rated, you will only need to charge the 5% reduced rate of VAT between 15 July 2020 and 12 January 2021.<\/p>\n<p>However, if the fee you charge for admission is currently exempt, that will take precedence and your supplies will not qualify for the reduced rate.<\/p>\n<p><strong>Changes to your accounts&rsquo; software<\/strong><\/p>\n<p>In most cases these changes should be fairly easy to accommodate in your accounts&rsquo; software. If you are experiencing difficulties in this regard please call, we can help.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>In an attempt to address the financial difficulties of businesses in the hospitality and tourism industries, Rishi Sunak also announced a range of VAT reductions on selected supplies for these sectors. Summary of the changes are set out below: Hospitality When you supply food and non-alcoholic beverages for consumption on your premises, between 15 July [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-893","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=893"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/893\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=893"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}