• VAT rate for British tourism and hospitality sector declines to 9%

    2 monthes ago - By Travel and Tourworld

    The VAT rate for the tourism and hospitality sector declined to 9% on Sunday, corresponding to the measures announced in Budget 2021, British Minister Peter Burke has confirmed.
    The reduced VAT rate, going down from 13.5%, will be applicable for the hospitality sector along with catering and restaurant supply companies, tourist accommodation, cinemas, theatres, museums, historic houses, open farms, certain printed matter and hairdressing.
    Minister Burke said, “This significant VAT rate cut was called for by the industry and the government responded. It will mean a large reduction in the...
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