VAT-registered businesses operating in hospitality, holiday accommodation, and visitor attractions can now apply a temporarily reduced VAT rate to their supplies. This relief measure allows qualifying businesses in these sectors to lower the tax charged on their customers’ transactions. The scheme is designed to provide financial support to businesses affected during the specified period. Businesses should check their eligibility and the conditions that apply to their specific activities before implementing the reduced rate.
Source: HMRC (GOV.UK) – Read the original