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HMRC responds to queries over temporary reduced VAT rate

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HMRC has responded to a number of queries raised by the Association of Taxation Technologies (ATT) regarding the temporary 5% reduced rate of VAT for holiday accommodations and admission to attractions for the period 15 July 2020 to 12 January 2021. The ATT raised a number of questions regarding the scope and operation of the temporary reduced rate. HMRC’s response clarifies a number of areas including: the scope of ‘alcoholic beverages’s, promotional offers, the meaning of ‘premises’ for the consumption of food and non-alcoholic drinks, the tax point for services in relation to holiday accommodation, the scope of ‘admission to attractions’, interaction with rules on vouchers and the flat rate scheme. 

Issue: 1501
Categories: News