Theatre tickets, amusement parks and even zoos will benefit from a VAT cut as part of a £4.1billion plan to boost tourism and get the public spending again. Jane Pendlebury, the CEO of Hospa, the Hospitality Professionals Association, said: "The reduction in VAT is absolutely massive news for the hospitality industry." What's included in the VAT cut? Value added tax, or VAT, is the tax you have to pay when you buy goods or services. From today, the Government will slash VAT on food, drink and even staycations to help kickstart the economy and give struggling businesses a boost.

Source: Daily Mirror July 15, 2020 06:01 UTC