VAT Discount 2021-2022
Take advantage of the VAT Discount
To gain the maximum discount you must book and pay for your 2022 boat holiday in full on or before the 30th of September 2021.
We are required by the UK Government to charge VAT on all our holidays. Usually this is charged at 20%, however the Chancellor has offered a discounted rate of 5% until 30th September 2021 & 12.5% from 1st October 2021 until 31st March 2022.
As a business operating the VAT cash accounting scheme, we are required by law to charge VAT at the prevailing rate on the date that payments are RECEIVED by Fox Narrowboats Ltd, not the rate at the date of booking.
The prices on this website include VAT at the current rate of 5%. Deposit payments are charged at this rate. Balance payments received on or before 30th September 2021 will attract the full discounted rate of 5% as advertised. Balance payments received between 1st October 2021 & 31st March 2022 will be charged at 12.5% VAT; an increase of approx. 6.5% on the total price. Balance payments received on or after 1st April 2022 will be charged at the full rate of 20%; an increase of approx. 12.5%
Please see the following example:
Summer 2022 Holiday, website price £1200.00 including VAT at 5%
Deposit paid now £180.00 including VAT at 5%
Balance paid before 30th September 2021
Balance £1020.00 including VAT at 5%
Total Price Paid £1200.00
Balance paid between 1st October 2021 & 31st March 2022
Balance £1092.86 including VAT at 12.5%
Total Price Paid £1272.86
Balance paid after 1st April 2022
Balance £1165.71 including VAT at 20%
Total Price Paid £1345.71