Contact Us

The government did announce a change to the reduced 9% VAT rate for the hospitality sector in Budget 2023. From 01 March 2023 the VAT rate will go back up to 13.5%. 

In practical terms you will need to have your computer and till system set up and ready to go to adapt to this change. Because this was previously the VAT rate for your industry it should be a code that exists on your system already and therefore a straightforward enough recoding exercise to ensure you are charging the correct VAT rate from 01 March next year. 

 

 

Date published 27 Sep 2022 | Last updated 27 Sep 2022

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

1800 98 76 09

Or contact us