Charities and Tourism: VAT

Treasury written question – answered on 27th March 2020.

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Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Human Rights), Shadow DUP Spokesperson (Health)

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of providing VAT relief to support the charity and tourism sectors during the covid-19 outbreak.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

On 20 March, the Government announced that all UK VAT registered businesses, which include charities and businesses in the tourism sector, can defer VAT payments due with their VAT returns between now and the end of June. No UK VAT registered business will have to make a VAT payment alongside their VAT return to HMRC in that period. They will have until the end of the financial year (March 31 2021) to repay.

This is in addition to the Chancellor’s announcement on 17 March of a comprehensive support package worth £330 billion to protect businesses during the COVID-19 outbreak.

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