VAT rate change - help for pubs and clubs

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Rebecca Benneyworth
Rebecca Benneyworth Training Consultants
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The VAT standard rate will increase to 17.5 per cent at midnight on 31 December. We already have legislation to effect the change in the Finance Act 2009. There is also legislation intended to prevent businesses manipulating the change in rate to the benefit of VAT blocked customers – this anti forestalling legislation is the subject of a separate article.

Government announced on 3 November that special arrangements would apply to some businesses which remain open for business across midnight on 31 December. The special arrangements are intended to make it easier for pubs, clubs and hotels to adjust their VAT rate charged by the till at a more convenient time than just as midnight strikes on Big Ben.

So in order to smooth the transition, HMRC will permit businesses which are open acros...

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