Wheelers Words

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Mar 28, 2022

Wheelers Words: VAT – Reduced rate for hospitality, holiday accommodation and attractions

If you have been using the temporary reduced rate of VAT for hospitality, hotel and holiday accommodation and attractions please be aware that the reduce rate ends on 31 March 2022 and will return to 20%.

You will need to apply this new rate in your software package from this date.

You may also be impacted by the VAT rate change if you make purchases from these sectors. i.e for business hotel trips

In addition to the VAT rate change for hospitality the business rates discount scheme for retail, hospitality and leisure from April 2022 will give a 50 per cent relief on rates compared to the current 66 per cent discount which ends on 31 March 2022.