Latest VAT related news from the UK, EU and around the world.
Rishi Sunak, the UK Chancellor, has extended the VAT cut for hospitality and tourism to the end of March 2021. Speaking in Parliament today after scrapping the autumn Budget, Sunak unveiled measures dubbed the #WinterEconomyPlan hoping to shelter the … [Read more...]
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 … [Read more...]
Value added tax (VAT) in Saudi Arabia is tripling to 15% as an effort to support its economy as the coronavirus has crumbled oil prices. Riyadh will also put a halt to its cost of living allowance - about £250 per month for state employees - to … [Read more...]
VAT removed on e-books and e-newspapers in an uplift for readers and publishers during the coronavirus outbreak. The zero-rate of VAT will now applies to all e-publications as of 1st May 2020, which is seven months before it was originally … [Read more...]