VAT cut announced for UK theme parks, museums and zoos this summer

This article was first published by blooloop.

Tickets to UK attractions such as theme parks, museums and zoos will be cheaper this summer through a cut in the rate of VAT, Rachel Reeves has announced.

From 25 June to 1 September, the VAT rate will be cut from 20 percent to 5 percent on eligible activities as part of the chancellor’s ‘Great British Summer Savings’ scheme, which applies across England, Wales, Scotland and Northern Ireland.

Estimated to cost about £300 million, the scheme is designed to support families during the cost of living squeeze, as well as businesses that depend on summer attendance.