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Denmark gives hotels restaurants VAT recovery boost

  • Mar 30, 2013 | Richard Asquith
Denmark gives hotels restaurants VAT recovery boost

The Danish government is to give the hotel, restaurant, tourisam and conference industry a boost by increasing the % of costs incurred by business on live events, exhibitions and related accommodation to be increased.

Currently only 50% of Danish VAT suffered at conferences etc. may be recovered by visitors and guests through their own VAT returns.  From 1 January 2014, this will be raised to 75%.  This measure is aimed at giving the ailing industry a much needed stimulus.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.