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Business tax

VAT cut kicks in for certain sectors

Standard rate temporarily falls from 20% to 5%.

UK tax gap drops to record low

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

Javid calls for business taxes to be cut

Temporary tax cuts may be revealed in July.

Changes to entrepreneurs’ relief edge closer

Tax body calls for greater scrutiny from MPs.

Second phase of MTD for VAT delayed

HMRC defers rollout of more stringent rules until 1 April 2021.

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