The temporary 5% reduced rate of VAT introduced for certain children’s meals, tickets and family attractions ended on 1 September 2026. The relief applied from 25 June 2026 and was intended to reduce
A strong VAT control system should clearly identify who is responsible for VAT, document the processes involved and regularly check that controls are working. HMRC also recommends keeping procedures
Recent reporting from The Guardian suggests that many hospitality businesses are feeling more optimistic following the Government's announcement of business rates relief for pubs, clubs and live music
Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased before VAT registration.
There are specific time limits for claiming pre-registration VAT.
The Government has announced a new business rates cut for pubs, clubs and live music venues across England, with eligible venues set to receive a 20% reduction in their business rates bills from April
The UK's hospitality sector is facing huge pressure. Rising costs, increasing wage bills, higher energy prices and business rates are all squeezing margins for hospitality businesses already working
Small businesses have several VAT schemes available that can simplify VAT administration and may help with cash flow. However, as a business grows or its circumstances change, it is important to
The Government has launched a consultation on proposals that could significantly change the way VAT is collected on goods sold through online marketplaces. Although the changes are not yet law, they
If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy for business purposes. However, many businesses fail to claim everything to which they are
Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in certain circumstances.
The VAT registration
This VAT reduction, introduced as part of the Great British Summer Savings initiative, is a temporary government measure designed to support families, encourage spending and help the hospitality and
The option to tax is a VAT election that allows businesses to treat supplies of most non-residential land and buildings as taxable rather than VAT exempt. Once an option to tax is made, supplies in