VAT cut kicks in for certain sectors

Business news

Standard rate temporarily falls from 20% to 5%.

UK tax gap drops to record low

Business news

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

Javid calls for business taxes to be cut

Business news

Temporary tax cuts may be revealed in July.

Firms urged to reinstate VAT direct debits

Business news

The VAT deferral period ends on 30 June 2020.

Treasury may consider temporary cut to VAT

Business news

Pressure on the Chancellor to follow Germany’s lead.

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