As part of the Governments initiative to help out the Hospitality sector, the UK Government has implemented a temporary reduction on VAT due, down from 20% to 5% on selected products, starting on 15/07/2020.
This is to be claimed back on a VAT return, based on the sale of these goods to consumers. This is not a reduction in the VAT charged to purchase of goods across our website.
Therefore the VAT on our prices for these products will remain unchanged.
Us at UK Business Supplies welcome the Governments decision. Which is why we will be running promotions on certain lines we supply into these sectors, to hopefully do our part in getting many businesses up & running as soon as possible. Keep an eye out for our daily promotional emails!
For more information & guidance on which products this effects to can be found on the UK Government website. (Links Below)
https://www.gov.uk/guidance/vat-reduced-rate-for-hospitality-holiday-accommodation-and-attractions
https://www.gov.uk/guidance/catering-takeaway-food-and-vat-notice-7091