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Chancellor cuts hospitality VAT to boost economy | News

UK chancellor of the exchequer, Rishi Sunak, has announced temporary cuts in value added tax in an attempt to simulate the hospitality sector. The measures are part of a wider packaged designed to mitigate the impact of Covid-19 on the UK economy. From July 15th, VAT will fall from 20 to five per cent for supplies of accommodation and admission…
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