Food > Tax

Treasury Says There Are ‘No Plans' to Extend the VAT Cut Keeping Restaurants Going

1 month ago   |   By Eater London

A receipt with the VAT tax at 20 percent
The cut in the tax from 20 percent to 5 percent currently expires on 31 March The U.K. coronavirus VAT rate reduction from 20 percent from 5 percent which has helped keep restaurants afloat through the COVID-19 pandemic is set to end on 31 March. Treasury minister Jesse Norman told the House of Commons that the government has “no plans” to extend the tax relief, according to the Telegraph .
Norman said that “The relief comes at a significant cost, and while the government keeps taxes under review, it has no current plans to extend it further.” If...
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