Cut in VAT rate for leisure and tourism sectors

Cut in VAT rate for leisure and tourism sectors

As part of the government’s approach to support economic recovery, the Chancellor announced a temporary cut in the rate of VAT, from 20% to 5%, from the 15 July 2020 to 12 January 2021 for the leisure and tourism sectors.

Merger, Demerger and Reorganisation

Merger, Demerger and Reorganisation

In the third in our series of company tax planning articles, Cassandra Graham, Senior Tax Manager at Bates Weston looks at the use of merger, demerger and reorganisation as a tax planning tool.