Recently the chancellor announced a temporary cut in the VAT rate for certain types of businesses in the hospitality and tourism sector. The standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021. Xero has the capabilities to apply the changes, all you need to do is select the […]
A temporary cut in VAT for the hospitality and tourism sector, have you adjusted your accounting software?
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