UK launches Great British Summer Savings' to ease family costs
VAT will be temporarily reduced from 20% to 5% for children’s leisure and meals, lowering costs for theme parks, theatres, zoos, and museums in summer 2026.
Reeves cuts VAT on summer days out to 5% as part of cost of living support
VAT will be cut to 5% on summer attractions and children’s meals, while fuel duty increases and some food import tariffs will be suspended to reduce household costs.
'Momentous': Italy to slash art VAT to 5%, the lowest rate in the EU
"It's a momentous turning point," says Sirio Ortolani, the president of ANGAMC. "Italy can finally become a great international hub, attracting galleries from all over Europe and major fairs."