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<p>The temporary VAT reduced rate came into effect on 15 July 2020 and was initially
scheduled to end on 12 January 2021.</p><p> </p><p>In order to continue supporting
the cash flow and viability of over 150,000 businesses and to protect 2.4 million
jobs, the Government extended the temporary reduced rate of VAT (5 per cent) to goods
and services supplied by the tourism and hospitality sectors until 31 March 2021.</p><p>
</p>While the Government keeps all taxes under review, this relief comes at a significant
cost to the Exchequer, and there are currently no plans to extend the length of the
reduced rate further.
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