Reduced Rate VAT on Admission Charges to Attractions
Posted 09/07/2020
A new temporary reduced rate of VAT of 5% was announced on 8 July 2020 for admission to certain attractions. This temporary rate will apply from 15 July 2020 to 12 January 2021.
Who this applies to
This applies to businesses that make supplies of admissions that are currently taxable at the standard rate. This includes:
- shows
- theatres
- circuses
- fairs
- amusement parks
- concerts
- museums
- zoos
- cinemas
- exhibitions
- similar cultural events and facilities
Examples of where the reduced rate may apply could be attractions such as:
- a planetarium
- botanical gardens
- studio tours
- factory tours
For further details, including exempt supplies, where goods are also provided in the fee, and live online performances, please see the Government Guidance at https://www.gov.uk/guidance/vat-on-admission-charges-to-attractions? Also follow Hammond McNulty on Linked In for further updates https://www.linkedin.com/company/accountants-congleton-cheshire