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New VAT rate – how to prepare your EPOS systems
To help the UK’s hospitality sector recover from the impacts of the coronavirus pandemic, VAT on eating out, accommodation and tourist attractions will be cut from 20% to 5% for six months. Alcoholic drinks will not included in the VAT reduction.
The VAT changes will take effect on 15 July 2020 and will be in place until 12 January 2021.
To get your business ready, you’ll need to make a few changes to your EPOS systems first.
To make it easy, we’ve created simple step-by-step guides to help you quickly add a new VAT level. You can download your system specific guide below to get started:
Don’t forget about our Resource Centre, which is full of useful ‘how to’ guides and videos to help you make the most of your systems. Click here to sign up.
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