New VAT rate – how to prepare your EPOS systems
- Cunninghams EPOS Group
- Jul 12, 2020
- 1 min read
Updated: Jan 11, 2022
To help the UK’s hospitality sector recover from the impact 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.
If you have any questions, please email support@cunninghams.co.uk.
Our VAT tool is free, and you don't even have to sign up to use it. Based on current UK HRMC rules and rates, the VAT calculator gives you 100% accurate results. Our tool lets you do as many calculations as you need to and gives you access to thorough tax breakdowns for professional business compliance and reporting.