Reduced rate of VAT for hospitality

A temporary reduced rate will be introduced for businesses within the hospitality sector.

VAT cut kicks in for certain sectors

Standard rate temporarily falls from 20% to 5%.

UK tax gap drops to record low

More than 95% of tax owed in 2018/19 was collected.

Javid calls for business taxes to be cut

Temporary tax cuts may be revealed in July.

Firms urged to reinstate VAT direct debits

The VAT deferral period ends on 30 June 2020.

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