UK announces summer sales tax cut for fun days out
British finance minister Rachel Reeves announced a temporary cut to sales tax on attractions like theme parks and theatres. The value-added tax will be reduced from 20% to 5% from late June to early September. This measure aims to support the econ...
By Reuters |
Agencies
British finance minister Rachel Reeves said she would temporarily slash the sales tax charged on tickets for attractions like theme parks, zoos and theatres, as part of her efforts to help the economy during the Iran war.
The cut to value added tax to 5% from 20% for certain attractions would apply from the end of June to the beginning of September, she told parliament on Thursday.
The cut to value added tax to 5% from 20% for certain attractions would apply from the end of June to the beginning of September, she told parliament on Thursday.
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