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8 Jul 20, 03:43 PM |
#1
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Proud to wear my Ears
Join Date: Jun 17
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VAT reduced to 5% for Travel & Hospitality
It was announced today that VAT will be reduced from 20% down to 5% for Travel & Hospitality from next Weds until Jan 2021.
Does anybody know how this will effect those of us currently planning trips? If already booked & part paid, will we still pay 20% VAT on the balance? Will new bookings be quoted at the lower cost from next Weds? If we book & pay for a flight during the 5% period but don't actually fly until later in the year, what VAT rate will we be charged? I'm totally clueless so any info would be gratefully received. Thanks |
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8 Jul 20, 03:45 PM |
#2
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slightly serious Dibber
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Air travel is already zero rated so is not impacted
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8 Jul 20, 03:47 PM |
#3
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Thread Starter
Proud to wear my Ears
Join Date: Jun 17
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Told you I was clueless haha
thanks for the info |
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8 Jul 20, 04:35 PM |
#4
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Imagineer
Join Date: May 15
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We are going center parks and I would like to know the same
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8 Jul 20, 07:24 PM |
#5
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VIP Dibber
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BBC says:
Providers will not refund those who have booked and paid for accommodation later in the summer, because the rate is for when the sale was made. |
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8 Jul 20, 07:27 PM |
#6
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Stuck in the Tower of Terror
Join Date: Jan 15
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8 Jul 20, 07:30 PM |
#7
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Imagineer
Join Date: May 15
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I've only paid à deposit and fully refundable so if they do reduce price I might cancel and rebook
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8 Jul 20, 08:01 PM |
#8
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Apprentice Imagineer
Join Date: Jun 13
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Keep in mind some providers may not pass on the saving but pocket it instead. To be fair it’s understandable if they are close to bankruptcy. They’ll need to weigh that up v stimulating demand..
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8 Jul 20, 08:14 PM |
#9
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Imagineer
Join Date: May 07
Location: Southbourne, Dorset
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9 Jul 20, 10:54 AM |
#10
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Apprentice Imagineer
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We've got a cottage booked in Wales next month. The balance is due to be paid next week on the 16th July, i've emailed to see if they're going to amend the balance in line with the 5% VAT change. I don't expect that they will say yes, but you never know. It'll save us about £80 so whilst not a massive amount of money, it will still be nice.
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On a disney break - off to see other parts of the world |
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