Following on from the government’s recent announcement, the temporary reduction of the VAT rate applicable to the hospitality sector will come into effect on Wednesday 15 July 2020.
To ensure that you are aware of the changes and how they will affect your business, we have produced a short video running through the main points.
We will take you through some questions as below:
- What supplies are affected by the rate change?
- How does it impact the calculation of VAT?
- How does it affect invoices, deposits and credit notes?
- What are the practical considerations?
You can download and watch our recorded session for free below.
<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/shB3DVkfHPw” title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” allowfullscreen></iframe>
If you have any questions or concerns regarding the VAT rate changes please contact our VAT partner:
