You most probably are aware of the reduction to 5% of specific VAT supplies in the hospitality industry, which the Chancellor introduced on 8th July 2020 to help the sector through COVID.
The Chancellor then extended the 5% VAT until the end of September 2021.
From 1st October 2021 any VAT category benefitting from the 5% will now be replaced with 12.5% VAT until 31st March 2022.
The following supplies, which already currently benefit from the 5% reduced rate, will continue to benefit from the reduced rates through the extension:
Where admission to these attractions is covered by the existing cultural exemption, the exemption will take precedence.
The types of supplies that the relief applies to will remain unchanged when the new temporary 12.5% rate is introduced on 1 October 2021.
HMRC's website also says: "Further guidance on the operation of the new reduced rate will be published when it comes in to force on 1 October 2021"