VAT

HMRC publishes penalties for not paying deferred VAT

Businesses can still make arrangements to avoid penalties.

HMRC launches VAT deferral new payment scheme

Firms can pay equal consecutive monthly instalments from March 2021.

Treasury delays business rates review

Report pushed back due to pandemic uncertainty.

VAT reverse charge reminder

The charge comes into effect from 1 March 2021.

Reduced rate of VAT for hospitality

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

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