Having just celebrated my daughter's first birthday, the Budget this year was personally my favourite one yet (other than perhaps the one a few years ago about stamp duty for first time buyers) as I look forward to next year's reduced childcare bill. However, professionally, it was quite uneventful as there is not much within it about VAT, and even less about VAT for the travel, events and property sectors. Most of the VAT "news" is confined to reviews and studies rather than policies, which is about the same as saying "yeah we'll have a think about it at some point and get back to you".
Perhaps more important to our client base are the news stories we shared earlier this year on the VAT Tribunal case for TOMS and serviced apartment operators, the EU plans for VAT accounting for online platforms and registrations for non EU businesses selling travel services in Germany. We will update you as and when we hear news in these areas. At present, there is no change and although the VAT Tribunal case in Sonder Europe Ltd has now been heard, we are awaiting the decision which we hope to bring you over the coming weeks/months.