News
VAT cut kicks in for certain sectors
Standard rate temporarily falls from 20% to 5%.UK economy slumps 19.1% in lockdown
Figures dispel hopes of a V-shaped recovery.UK tax gap drops to record low
More than 95% of tax owed in 2018/19 was collected.IFS: ‘Tax rises may not be imminent’
Think tank predicts a third phase of recovery.Chancellor announces ‘plan for jobs’
More employer grants in summer economic update.Stamp duty land tax holiday in England & Northern Ireland
Tax-free threshold temporarily rises from £125,000 to £500,000.Standard rate of VAT cut in hospitality and tourism sectors
Reduced rate of 5% announced for food, accommodation and attractions.Economic update 2020: expectations
Three changes the Chancellor may announce.Exporters feel upturn in international trade
Supply chains pick up as restrictions ease.Workers in crisis-hit sectors face savings crisis
COVID-19 causes savings gap to widen.
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