VAT cut for UK hospitality excludes alcohol

The UK chancellor has excluded alcohol from a six-month VAT cut for the hospitality and tourism sectors. Chancellor Rishi Sunak revealed a number of new measures yesterday (8 July) to help restart the nation’s economy during the coronavirus pandemic. Sunak will cut the rate of value added tax (VAT) on hospitality and tourism from 20% to 5% from 15 July 2020 to 12 January 2021. The cut, which excludes alcoholic drinks, will apply to food and…

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WSTA: ‘overwhelming support’ for six-month alcohol duty cut

A survey by the Wine and Spirit Trade Association (WSTA) has shown “overwhelming support” for a six-month freeze on alcohol duty in the UK, while 84% of respondents also backed a halt on new laws amid the pandemic. Trade body the WSTA surveyed its members to find out what key messages it can deliver to the UK government to support the industry during the covid-19 crisis. Nearly 95% of companies who participated agreed with the WSTA’s…

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