The Chancellor’s speech included a number of tax-related measures, as well as confirming some previous announcements. In addition to these a number of other tax related measures were published today.
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The Chancellor’s speech included a number of tax-related measures, as well as confirming some previous announcements. In addition to these a number of other tax related measures were published today.
In accordance with the March 2021 budget, the UK VAT rate applied to certain supplies relating to tourism and hospitality increased from 5% to 12.5% with effect from 1 October 2021. Various key matters in respect of this change are summarised below.
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