Fairhurst Accountants Look at the VAT Reduction Set to Benefit Families This Summer

Fairhurst Accountants look at the VAT reduction set to benefit families this summer

Fairhurst Accountants look at the VAT reduction set to benefit families this summer.

Adults can order children’s meals under VAT cut

HMRC has confirmed the temporary VAT cut is based on how children’s meals are marketed and priced, rather than the age of the customer ordering them.

Government summer savings spree adds complexity to VAT for hospitality and tourism

When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions and children’s dining over the summer holidays, the hospitality and leisure sectors broadly welcomed it. The scheme runs from 25 June to 1 September and is funded, according to the Treasury, by closing a tax loophole used by oil and gas companies with overseas operations. On the surface, this looks like good news worth welcoming. However,…

Great British Summer Savings: What the Temporary VAT Cuts Mean for You.

Great British Summer Savings: What the Temporary VAT Cuts Mean for You. The initiative, known as Great British Summer Savings, will run from 25 June to 1 September 2026 and is expected to cost the Treasury around £300 million. The aim is simple. Reduce VAT on selected leisure activities during the peak holiday season to encourage spending, support tourism and give households a little more breathing room.