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VAT

VAT cut kicks in for certain sectors

Standard rate temporarily falls from 20% to 5%.

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UK tax gap drops to record low

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

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Javid calls for business taxes to be cut

Temporary tax cuts may be revealed in July.

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Firms urged to reinstate VAT direct debits

The VAT deferral period ends on 30 June 2020.

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Treasury may consider temporary cut to VAT

Pressure on the Chancellor to follow Germany’s lead.

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