V4.423 Temporary reduced rate—overview
This paragraph provides an overview of the temporary reduced ratings which were introduced between 15 July 2020 and 31 March 2022 in response to the challenges faced by businesses as a consequence of the COVID-19 (coronavirus) pandemic.
Background to the temporary reduced rate
On 8 July 2020, the Government announced that it would introduce a temporary 5% reduced rate of VAT for certain supplies of hospitality, hotel and holiday
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