Following on from announcements made by the Treasury on 8 and 9 July 2020, the temporary reduced rate of 5% for certain supplies made by the hospitality industry and admissions to shows and other attractions has now come into operation.
The necessary legislation to amend Schedule 1 to the Value Added Tax Act 1996 and modify regulation 55K of the Value Added Tax Regulations 1996 have been made.
Further information on the changes can be found in the following publications or by contacting the Advice Centre on 648130 or at email@example.com:
Revenue and Customs Brief 10 (2020): temporary reduced rate of VAT for hospitality, holiday accommodation and attractions
VAT Notice 709/1: Catering and Takeaway Food
VAT Notice 701/14: Food products
Notice 700: VAT Guide (Changes in tax rates and liability)
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