After an extended period of VAT at 5% to help the UK’s hospitality sector recover from the pandemic, VAT on eating out, accommodation and tourist attractions will increase to 12.5% rather than return to the previous 20% rate.
The VAT reduction from 20% to 5% that took effect on 15 July 2020 and was extended twice, is due to end on 30 September 2021.
The new 12.5% rate will be introduced on 1 October 2021 and will be in effect until 31 March 2022.
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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