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Global Trade Alert

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United Kingdom: Imposition of reduced VAT rate for food, accommodation and attractions in response to the Coronavirus outbreak

Description

On 9 July 2020, HM Revenue and Customs Administration of the United Kingdom announced temporarily reducing the VAT rates on supplies relating to hospitality, accommodation and attractions to 5%. The d...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

15 Jul 2020

Revocation date

30 Sep 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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