VAT Changes for hospitality sector
To help this sector recover from the lockdown and business closure the government have lowered the VAT temporaly lowered the VAT rate from 20% to 5%.
JFH have now agreed to reduce VAT to 5% on the following charges:
- Ground rent
- Service charges
- Water charge
The reuduced rate is applicable from 15 July to 12 Janaury 2021.
Owners will be cridited the difference on their next statement.