As food and drink businesses emerge from the pandemic, many are looking to invest and return stronger. The super deduction helps to provide a valuable subsidy to businesses in the sector.
Kate Pace discusses with Martyn Strange, Food & Drink Sector Lead for Torbay, owner of Babbcombe Inn, Hamiltons and Three Degrees West in Torquay on how the hospitality industry has coped in the last year.
We take a look at how the reduced VAT rate for the tourism and hospitality sectors works in practice, with practical tips on how to deal with problem issues.