Have Tax Questions? Ask a Tax Expert for Answers ASAP
The current rate of VAT is 20%, unchanged for years. Post Brexit though sales outside the UK are exports, zero rated supplies.
As announced at budget 2021, the government will be legislating to:
The supplies to which the temporary reduced rates will apply remain the same.
You need to establish that you’re providing accommodation in a hotel, inn, boarding house or similar establishment. The reduced value rule does not apply to holiday accommodation, There is a danger here that your activities will not embract these parameters and in that case the 20 rate would apply.
Yes, indeed, what a palaver, bet you wish you hadn't started the whole caper!
Delighted to have been of assistance.