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Government Summer Savings Spree Adds Complexity to VAT for Hospitality and Tourism

Summary by M J Bushell
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,…
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4 Articles

For those of us frustrated with the fact that the UK Finance Minister, Rachel Reeves, had been offering the wrong solution to the right problem, there has recently been some progress, in a way: now she is offering the wrong solution to the wrong problem. Read more (06/04/2026

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Folha de S.Paulo broke the news on Thursday, June 4, 2026.
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