11 November 2022| CATEGORIES: VAT, VAT reduction| TAGS: tampon tax, VAT rate cut
A report by the Tax Policy Associates think-tank has found that following the abolition of 5% VAT on women’s sanitary products only a 1% price reduction was passed on to consumers.
3 March 2021| CATEGORIES: Budget, VAT rates| TAGS: Budget 2021, hospitality, tourism, VAT rate cut
On 3 March 2021 Chancellor Rishi Sunak delivered Budget 2021. Most of the Budget measures were targeted at addressing the fall out from the COVID-19 pandemic, including extending the VAT rate cut for the hospitality and tourism sectors.
25 September 2020| CATEGORIES: Covid measures, VAT rates| TAGS: Covid measures, VAT rate cut
Following a resurgence in the number of COVID-19 cases in the UK, Rishi Sunak yesterday announced further VAT measures to support the economy in his Winter Economy Plan statement.
10 July 2020| CATEGORIES: VAT rates| TAGS: Covid measures, hospitality, tourism, VAT rate cut
On 8 July Rishi Sunak announced a targeted temporary VAT rate cut for the UK hospitality and tourism sectors. HMRC has now published further guidance on the measure, available here.
8 July 2020| CATEGORIES: VAT rates| TAGS: Covid measures, hospitality, tourism, VAT rate cut
In his Plan for Jobs speech today Rishi Sunak, the Chancellor of the Exchequer, announced a temporary VAT rate cut for the UK hospitality and tourism sectors to aid recovery following the COVID-19 pandemic.
