Michael Hesketh, Head of Tax for the South West at Azets, the UK’s largest regional accountancy and business advisors to SMEs and Top 10 accountancy firm, comments on extension to VAT reliefs for the hospitality sector:
“The extension of the 5% VAT relief for hospitality businesses and an interim rate of 12.5% is only of any value if the hospitality sector can reopen.
“The economy needs to reopen first, and hospitality businesses allowed to trade so the sector can benefit – and we seem to be a long way from that point. Clarity is also needed on rules relating to advance bookings.”
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