VAT rate changes
Greece
Greece announced the extension of the reduced VAT rate for the below until 30 April 2021.
- Transport;
- Non-alcoholic beverages;
- Provision of services in cafes;
- Restaurants; and
- Pastry shops
United Kingdom
In July 2020, the UK cut the reduced Value Added Tax on hospitality services and tourism from the current 20% standard rate to the reduced rate of 5%.
The measure took effect from 15 July 2020 and it was planned to end on 12 January 2021.
At the end of September, it was announced that the reduced VAT rate is being extended until 31 March 2021.
COVID-19
Greece Revenue Issues Circular reduced 6% VAT rate for music books applies for the supply of books for all kinds of music, orchestral or vocal, printed or handwritten, illustrated or not, and all types of notations including keys, symbols, numeric symbols, braille code, etc.
The reduced 6% VAT rate for sports games tickets applies for the supply of tickets issued for any type of sports game issued from 1 September 2020 to 30 June 2021.
Please see our blog for more COVID-19 updates
International VAT Rate Round Up: September 2020
If you missed last month’s VAT rate announcements or VAT threshold changes, you can catch up now.
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