Tag: business implications
-
VAT Cut for Hospitality: What the July 2026 Reduction Means for Businesses
Overview of the VAT Cut for Hospitality In a move expected to ease pressures on the hospitality sector, the government has agreed a VAT reduction for eligible hospitality businesses, set to take effect from July 2026. The rate will fall from 13.5% to 9%, providing a potential savings boost for operators and, indirectly, for consumers.…