VAT Discount 2021-2022

Govenment VAT Discount – Ended 31st March 2022

Until 31st March 2022 the Government had given a discount to the VAT rate for holidays as part of its Covid economic response. This measure has now expired and all our holidays include VAT at the standard rate of 20%.

For the benefit of any customer who booked PRIOR to 1st April 2022, please see below details of how the discount scheme opperated.

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 12.5% 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 12.5%. Deposit payments are charged at this rate. Balance payments received on or before 31st March 2022 will attract the full discounted rate of 12.5% as advertised. Balance payments received on or after 1st April 2022 will be charged at the full rate of 20%; an increase of approx. 6%

Example:

Summer 2022 Holiday, website price £1200.00 including VAT at 12.5%

Deposit paid now £180.00 including VAT at 12.5%

Balance paid on or before 31st March 2022
Balance £1020.00 including VAT at 12.5%
Total Price Paid £1200.00

Balance paid on or after 1st April 2022
Balance £1088.00 including VAT at 20%
Total Price Paid £1268.00