VAT Flat Rate Scheme – New Flat Rate Percentages for Catering, Pubs & Hotel & Accommodation
Written 15/07/2020
The new flat rate percentages, which will apply from 15 July until 12 January, have been announced by the Government. The amendments are as follows:
- Catering services, including restaurants and takeaways – reduced from 12.5% to 4.5%
- Pubs – reduced from 6.5% to 1%
- Hotels and accommodation – reduced from 10.5% to 0%
For the full list of flat rate percentages for all types of businesses, including the Government Guidance on the scheme and how to join or leave, please see https://www.gov.uk/vat-flat-rate-scheme/how-much-you-pay
Also follow Hammond McNulty on Linked In for further updates https://www.linkedin.com/company/accountants-congleton-cheshire