VAT cut for hospitality sector continues

You are here: Home » News & Views » VAT cut for hospitality sector continues

  • For your business
Image for VAT cut for hospitality sector continues

The reduction in VAT to 5% for the hospitality and tourism sector will be extended until March 31, 2021.

Up to half a million businesses who deferred their VAT bills will be given more breathing space through the New Payment Scheme, which gives them the option to pay back in smaller instalments.

Rather than paying a lump sum in full at the end March next year, they will be able to make 11 smaller interest-free payments during the 2021-22 financial year.