Temporary reduction in VAT rate to 9%

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

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.


Disclaimer: The content of this document is for general information only and should not be relied upon as a legal or professional interpretation of any law or other guidance. While every care has been taken by the Author in the preparation of this document, PSC Accountants Limited or associated companies will not be liable to you or any third party for any loss including, but not limited to loss of profits, goodwill or any type of special indirect or consequential loss howsoever caused ( including loss or damage suffered by you as a result of an action brought by a third party) arising out of or in connection with the provision of our services, in contract, tort, by statute or otherwise, even if such loss was reasonably foreseeable or in the contemplation of us or if we had been advised of the possibility of you incurring the same unless the loss is primarily caused by bad faith, gross negligence or wilful default by us.