News
Firm News
Hospitality VAT - Upcoming Changes
21-Sep-2021
The VAT rate for hospitality type businesses changes again on 1 October and is set to continue at the new rates until 31 March 2022.
Standard Rate of VAT
|
Date |
VAT Rate |
VAT Fraction |
|
15 July 2020 to 30 September 2021 |
5% |
1//21 |
|
1 October 2021 to 31 March 2022 |
12.5% |
1/9 |
|
1 April 2022 onwards |
20% |
1/6 |
Flat Rate Scheme
Those of you who use the flat rate scheme, the current temporary rate will also change on 1 October 2021. The changes to the flat rate scheme percentages for affected sectors are:
|
