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Governance & Compliance 72: VAT Temporary Reduced Rate Increase to 12.5% From 01/10/2021

From 1st October 2021, VAT chargeable on supplies of holiday accommodation and hospitality /catering (i.e. the sale of food and non-alcoholic beverages for consumption on the premises) will be temporarily changed to 12.5%. This rate will apply for 6 months, …

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