UK Updates Guidance for Traders
The United Kingdom’s Department for International Trade updated its guidance for U.K. businesses trading internationally, according to a March 21 notice. The guidance includes updated information after an announcement from Rishi Sunak, the country’s treasury chancellor, detailing the country’s support…
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package for businesses affected by the coronavirus pandemic, including relaxed measures for value-added taxes. All VAT bills through the end of June will be deferred until the end of the tax year, the guidance said.