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VAT Calculator / VAT cut on tourism and hospitality to 5%

VAT cut on tourism and hospitality to 5%

July 8, 2020 By VATCalculator

VAT on tourism and hospitality was at 20%, but the Chancellor, Rishi Sunak, has, in his ‘mini budget’ on 8th July 2020, cut the VAT rate to 5%. It will be cut to 5% until January, he says.

VAT at the 5% rate can be calculated using our vat calculator.

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