[ad_1]
HMRC collected a file £157.2bn from VAT payments in within the final tax 12 months, a 55 per cent soar on the £101bn collected in 2020/21, after companies have been pressured to make up for VAT funds they deferred in the course of the pandemic.
Accountants have mentioned that HMRC’s VAT earnings has risen sharply after the speed of VAT paid by the hospitality sector improve to twenty per cent on 31 March final 12 months.
The speed was quickly lowered to five per cent in the course of the pandemic to ease the burden on pubs, eating places and lodges pressured to shut throughout lockdown.
[ad_2]
Source link