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The temporary reduced rate of VAT for leisure and hospitality may not be as simple as it seems
Audrey Fearing

14 July 2020

The Chancellor’s Summer Economic Statement delivered on 8 July included various measures to support hospitality and leisure businesses during the coronavirus emergency. They included a targeted temporary VAT cut for supplies of hospitality, hotel accommodation and admission to attractions.

Summer Economic Update response: Chancellor's creative measures welcome, but Cash Tax Credits would offer an immediate working capital boost, says RSM
Paul Newman

Whilst RSM welcomes the admirable creativity shown by The Chancellor in supporting the leisure and hospitality sector, alternative and more sustained measures will be required to support businesses beyond the summer.

Businesses need a further cash boost to help them survive beyond the 4 July reopening date
Paul Newman

24 June 2020

With doors opening on 4 July and the two-metre rule now relaxed, it will be back to business for the leisure and hospitality industry. However, this crisis doesn’t end with the dialling down of coronavirus lockdown and the easing of distancing measures.

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