VAT
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.
Treasury may consider temporary cut to VAT
Pressure on the Chancellor to follow Germany’s lead.
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