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VAT

HMRC publishes penalties for not paying deferred VAT

Businesses can still make arrangements to avoid penalties.

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HMRC launches VAT deferral new payment scheme

Firms can pay equal consecutive monthly instalments from March 2021.

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Treasury delays business rates review

Report pushed back due to pandemic uncertainty.

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VAT reverse charge reminder

The charge comes into effect from 1 March 2021.

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VAT cut kicks in for certain sectors

Standard rate temporarily falls from 20% to 5%.

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