Vat cut for hospitality sector continues
The reduction in VAT to 5% for the hospitality and tourism sector will be extended until 31 March 2021.
Deferral of vat bills
For those who deferred their VAT bills there is a New Payment Scheme, which offers the option to pay back in smaller instalments. Rather than paying in full in March next year, you will be able to make 11 smaller interest-free payments during the 2021-22 financial year.