VAT Rate Change from 13.5% to 9%
On Tuesday 13 October 2020 as part of Budget 2021 the Government announced additional measures to support businesses that have been worst hit by restrictions imposed during the pandemic. One of those measures was the change in the reduced rate of VAT.
From 1 November 2020, the VAT rate for the hospitality and tourism sector will decrease from 13.5% to 9% until 31 December 2021. This will also apply to various entertainment services such as admission to cinemas, theatres, museums, fairgrounds and amusement parks. VAT at 9% will also apply to hairdressing and certain printed materials such as brochures, maps and programmes.