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Last week the chancellor announced a temporary cut in the VAT rate for certain supplies in the hospitality and tourism sector. The standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021.  The reduced 5% VAT rate applies to: Supplies of food an...
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From 1 April 2019 all VAT registered businesses (including charities) with a taxable turnover above the VAT threshold (£85,000) are required to keep their VAT business records digitally and send their VAT returns using Making Tax Digi...
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