Topic: | Re:Re:Re:Re:Re:Good point - a recommendation! | |
Posted by: | Richard Jennings | |
Date/Time: | 08/08/20 12:03:00 |
"Anyway won't 20% of the 50% be for VAT effectively so the scheme is really 30% for the taxpayer??" Not sure what you're trying to say. VAT applies as a percentage of the price charged, so the amount of VAT is halved if the price is reduced by 50%. But anyway, VAT for the hospitality industry, including restaurants, cafés and pubs, has been reduced from 20% to 5% from 15 July. |