VAT

25/02/21:

HMRC launches VAT deferral new payment scheme

Firms can pay equal consecutive monthly instalments from March 2021.

22/02/21:

Treasury delays business rates review

Report pushed back due to pandemic uncertainty.

16/02/21:

VAT reverse charge reminder

The charge comes into effect from 1 March 2021.

15/07/20:

VAT cut kicks in for certain sectors

Standard rate temporarily falls from 20% to 5%.

13/07/20:

UK tax gap drops to record low

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

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