Reeves cuts VAT on summer days out to 5% as part of cost of living support
Chancellor Rachel Reeves announced a temporary reduction of VAT to 5% on summer attractions to support households affected by the ongoing conflict in Iran. This measure includes zoos, museums, theme parks, and children's meals, alongside a postponement of planned fuel duty increases. Additionally, Reeves plans to raise taxes on global oil firms to help fund these initiatives and provide targeted support for industries facing rising energy costs.
- ▪Reeves cut VAT on summer attractions from 20% to 5% to ease the cost of living.
- ▪The VAT reduction applies to zoos, museums, theme parks, and children's meals during the school holidays.
- ▪The chancellor plans to raise taxes on global oil firms to help fund her plans and support affected industries.
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Reeves said the summer attractions that would benefit from the temporary VAT reduction included zoos, museums, theme parks and softplay venues, as well as children’s theatre tickets and meals. Photograph: Stephen Chung/AlamyView image in fullscreenReeves said the summer attractions that would benefit from the temporary VAT reduction included zoos, museums, theme parks and softplay venues, as well as children’s theatre tickets and meals. Photograph: Stephen Chung/AlamyTax and spendingReeves cuts VAT on summer days out to 5% as part of cost of living supportChancellor says she will raise tax on global oil giants to help meet costs of plans and confirms freeze on fuel duty increases Business live – latest updates Heather Stewart Economics editorThu 21 May 2026 08.15 EDTLast modified on Thu…
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