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Hospitality businesses – VAT reduction and Eat Out to Help Out
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[ { "caption": "Websites for accountants", "link": "/products-services/digital-marketing/online-solutions/websites-for-accountants/", "newWindow": false, "internal": 1240, "edit": false, "isInternal": true, "internalName": "Websites for accountants", "type": "internal", "title": "Websites for accountants" }, { "caption": "Budget Newsletter", "link": "/products-services/budget-and-tax/budget-summaries/budget-newsletter/", "newWindow": false, "internal": 1128, "edit": false, "isInternal": true, "internalName": "Budget Newsletter", "type": "internal", "title": "Budget Newsletter" }, { "caption": "Create Your Own Newsletter", "link": "/products-services/client-communications/client-newsletters/create-your-own-newsletter/", "newWindow": false, "internal": 1231, "edit": false, "isInternal": true, "internalName": "Create Your Own Newsletter", "type": "internal", "title": "Create Your Own Newsletter" } ] Back to all productsIn the Summer Economic Update, the Chancellor set out some key measures to help protect jobs and growth in the hospitality sector. Communicate these changes with your clients with our letter, which summarises the details of the two key measures - the temporary reduction in the VAT rate to 5% until January 2021 and the Eat Out to Help Out Scheme.
The letter covers:
- Which supplies can be reduced-rated
- Issues arising from the reduced rating
- Key features of the Eat Out to Help Out scheme
- Links to HMRC guidance.