Coronavirus (Covid-19) Hub

Covid-19 : Business Support 09.07.20 – Update 40

VAT: reduced rate for hospitality, holiday accommodation and attractions

In an urgent response to the COVID-19 pandemic to support businesses severely affected by forced closures and social distancing measures, yesterday it was announced that VAT registered businesses will be allowed to apply a temporary 5% reduced rate of VAT to certain supplies relating to:

  • hospitality
  • hotel and holiday accommodation
  • admissions to certain attractions

The temporary reduced rate will apply to supplies that are made between 15th July 2020 and 12th January 2021.

Additional guidance in respect of the vat reduction has been released today and is summarised click here.

ASM Contacts

ASM Accountants Logo

Grainne Quinn – Magherafelt
grainne.quinn@asmmagherafelt.com

Ian Finnegan – Newry
ian.finnegan@asmnewry.com

Caroline Keenan – Belfast
caroline.keenan@asmbelfast.com

Michael P. O’Hare – Dundalk
michael.p.ohare@asmdundalk.com

Alistair Cooke – Dungannon
alistair.cooke@asmdungannon.com