The article discusses the statement of French leisure entrepreneur and lobbyist Jacques Borel at the MA250 business conference, stating that the hospitality industry in Great Britain could have a targeted value-added tax (VAT) reduction by April 2014.PerrettMichelleMorning Advertiser...
Despite participating in a budget back in October, in which no VAT cut was announced,Fine Gaelhas promised a rate cut for hospitality from 13.5 per cent to 11 per cent – a sort of halfway house on the rate of 9 per cent that applied post-Covid for a time, adding th...
At the same time, VAT will temporarily be cut for food and non-alcoholic drinks. In a measure “to support businesses and jobs in the hospitality sector,” the five per cent rate will also apply to supplies of food and non-alcoholic drinks from restaurants, pubs, bars, cafés and similar...
Leading trade associations representing the hospitality and tourism sectors in the UK have joined forces to call on the chancellor, Rishi Sunak, to introduce a permanent lower rate of VAT for these fragile markets. The bodies argue such a move would help to safeguard their future, protect jobs ...
Minister defends ‘fighting’ for hospitality VAT reduction in Budget 2025 Industry lobbyists have widely criticised Peter Burke’s failure to secure the tax cut Wed Oct 02 2024 - 11:51 Budget 2025: Double child benefit payment; petrol and diesel prices to increase; series of personal tax cuts...
For businesses, the VAT reduction offers significant relief by lowering the overall tax burden, therefore improving cash flow and profitability. This change is particularly beneficial for sectors hardest hit by economic downturns, such as retail, hospitality, and manufacturing. Businesses can reinv...
Portugal introduced a special refund regime for conference organizers: allowing almost 100% of hospitality expenses to be VAT refundable. Previously, companies could only deduct up to 50% of expenses for venue, food, accommodation etc. Read more ...
Water used for irrigation or food for humans or animals Hospitality services (hotels, bars, etc.) Any product used to produce food for humans or animals (animal feed, etc.) Utilities such as electricity, natural gas, and any biofuel
Keep up to date with the latest coronavirus pandemic VAT rate cuts with Avalara'sCovid-19 VAT / GST rate cuts tracker. For free updates of this list, sign up to receiveAvalara's free VAT newsletter. Latest updates Italy14 Apr, e-cash register update delay till 1 Oct ; pre-filled VAT...
Hoteliers want a reduction in tourism Vat to 5% to support the hospitality sector. Almost 90% of hotels across the country are expected to be open by the middle of this month but reported occupancy levels for the peak summer months of July and August have plummeted. A survey by the Irish...