VAT cut on theme parks and kids' meals comes into force
Summary
The UK government has temporarily lowered the VAT (a type of sales tax) on theme parks, zoos, museums, kids' meals, and family tickets on entertainment from 20% to 5% for the summer holidays. This change starts on 25 June and lasts until 1 September, aiming to reduce costs for families during school breaks, though some doubt how much money customers will actually save.Key Facts
- The VAT cut applies to tickets at theme parks, zoos, museums, cinemas, theatres, concerts, shows, exhibitions, adventure parks, nature reserves, and wildlife parks.
- VAT on children’s meals in restaurants is also reduced from 20% to 5%.
- The temporary tax cut begins on 25 June and ends on 1 September.
- Families will also get unlimited free bus travel for children aged 5 to 15 in England during August.
- The scheme is expected to cost the government around £300 million.
- Businesses can decide whether to pass the savings on to customers; some chains like Wetherspoons, Greene King, and Nando’s will lower prices.
- Some people, including business owners and families, are concerned the savings will be small or not passed on, and that the short duration causes extra costs for businesses reprogramming systems.
- The government also mentioned other support measures like frozen prescription charges, frozen rail fares, and energy bill help.
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