VAT cut for hospitality & leisure sectors extended


March 3, 2021|In KRW Tax news|By dinc_admin

The current much needed VAT cut to 5% for the hospitality and leisure sectors was due to end on 31 March 2021, but the Chancellor announced earlier today that it will be extended until 30 September 2021, after which it will be increased to 12.5% until 31 March 2022.

For further advice on this matter, please contact me.

Keith Witchell

Director