A proposed permanent reduction of the UK hospitality VAT rate from 20% to 10% would cost an estimated £12‑14 bn per year, with the bulk of the benefit accruing to large chains such as McDonald’s. The analysis argues the cut is mis‑targeted, unlikely to lower prices, and would create incentives for businesses to re‑characterise activities to qualify for the lower rate. It suggests alternative measures—such as business‑rate reform or NIC relief—would better support the sector.

Bangladesh’s government has proposed a comprehensive VAT exemption package for startups, content creators and freelancers in the 2026‑27 national budget. The package includes a 15% VAT exemption on services provided by freelancers and content creators, full local VAT exemption for startups, and 15% VAT exemption on imported services and office rentals, with the measures set to remain in force until 30 June 2035.