Daily Archives: July 22, 2020

MSE: Costa, KFC, McDonald’s, Nando’s & more up to 12.5% off – who is and isn’t passing on the recent VAT cut

On 15 Jul, the Government cut VAT to 5% for the hospitality sector including restaurants, cafes and pubs till 12 Jan 2021. This has led to many big chains such as KFC, McDonald’s, Costa, and Nando’s slashing prices – so we’ve canvassed 21 big eateries, coffee shops and pubs to see where you’ll save, and if…

Check when a business must follow the rules for Making Tax Digital for VAT

Find out if and when you need to start keeping digital records, sign up and submit a return using software. Published 8 February 2019 Last updated 21 July 2020 — see all updatesFrom:HM Revenue & Customs Contents When to start keeping digital records When to sign up When to submit a return using software If you’re a VAT…