VAT drops from 20% to 5% until 12th January 2021

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VAT drops from 20% to 5% until 12th January 2021

As part of the UK Government response to support businesses affected by the coronavirus (COVID-19), the government has introduced a temporary 5% reduced rate of VAT for suppliers of hospitality, hotel and holiday accommodation.

Serviced Apartment accommodation invoices will reflect the new VAT rate of 5% on bookings up to 28 nights and 1% thereafter. The new VAT rate is effectively applied from 15th July 2020 to 12th January 2021.

You can find further information here

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