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Temporary reduction in VAT rate to 9%

PSC Accountants & AdvisorsFeatured Temporary reduction in VAT rate to 9%
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Temporary reduction in VAT rate to 9%

Finance Bill 2020 provides that the 9% rate of VAT applies from 1 November 2020 to 31 December 2021 to the following services: 

  • supply of restaurant and catering services
  • guest and holiday accommodation
  • entertainment services such as admissions to cinemas, theatres, museums, fairgrounds and amusement parks
  • hairdressing and
  • the sale of certain printed matter such as brochures, maps and programmes

 

The 9% rate applying to magazines and newspapers and to the provision of sporting facilities will remain unaffected.

 

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