VAT rate reduction… good news for pubs and customers both?
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The Chancellor has cut VAT to 5 per cent on certain aspects of the hospitality industry. Nick Metcalfe looks at the implications. On 8 July the Chancellor, Rishi Sunak, announced a temporary VAT rate reduction, from 20 per cent to 5 per cent, for ‘certain supplies of hospitality, hotel and holiday accommodation and admissions’. The
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