Ireland has unveiled a Stimulus Plan of tax, loan and spending measures designed to boost the country’s economic recovery from the COVID-19 crisis. The Plan includes a temporary reduction in the Irish standard rate of VAT from 23% to 21%.
5 August 2020| CATEGORIES: Covid measures, VAT rates
The UK has implemented a temporary VAT rate cut from 20% to 5% for the hospitality and tourism sectors following the coronavirus crisis, to apply until 12 January 2021. UPDATE: Since this VAT alert was published, the 5% temporary VAT rate was extended to 30 September 2021. In addition, from 1 October 2021 a new temporary reduced VAT rate of 12.5% was introduced (see our blog article "New VAT rate for hospitality and tourism with effect from 1 October 2021" for further information).
15 July 2020| CATEGORIES: Covid measures, VAT rates
Germany has unveiled a €130bn package of tax and spending measures designed to boost the country’s economic recovery from the coronavirus crisis. The package includes a plan to temporarily reduce German VAT rates.
5 June 2020| CATEGORIES: VAT rates
