Friday, 19 April 2024
Trending
Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 1500 Prize Bond Draw List 15 August 2022 Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online How to Check and Verify Vehicle Ownership | Car Registration Online Check 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra 750 Prize Bond List 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC Prize Bond 750 list 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 The formula for calculation of capital gain tax on the sale of immovable property Afghan transit trade starting through Wagah from July 15 Changes in rates of withholding tax on sales to retailers, wholesalers, distributors FBR decided to introduce an automated system of online filing of tax appeals Increase of tax on profit on debt for the persons other than companies How to register a construction company in Pakistan Vehicles tax rates for tax year 2021 Sales tax rates updated on services of restaurants Pakistan ranks 116 amongst 128 countries in the world on absence of corruption index PM Imran Khan never stopped me from taking action against someone: Shabbar Zaidi Former Chairman FBR Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status Weboc Registration process, Import & Export process in Pakistan, Benefits of Weboc Registration, Documents required for Weboc registration FBR notified information regarding last date of income tax return for tax year 2020 File tax return or pay penalty for tax year 2020: FBR started issuing tax notices FBR announced Regional interview committees for appointment of advocates on the panel of FBR Field formations directed to pay all income tax refunds submitted by January 31, 2021: FBR PTCL license expired Significant progresses in corporate taxes Weekly Tax Updates: January 10 2021 WhatsApp delayed its new privacy policy as users run away to other apps Non-textile sector DLTL refunds approved Resident and Non Resident status under tax laws of Pakistan Auto loans increased by 19% to Rs. 41 Billion in December 2020 Additional Taxes of 700 billion expected In Upcoming Budget under IMF Deal Exporters now need no sales tax zero rating: FBR Indus Motor Company hits profits of over 200% Business Registration facility in Punjab under One Window KTBA requested the FBR to withdraw clarification regarding mode of furnishing of tax notices Finance Ministry clarification regarding SBP powers to share information out of the country IRS Covid Tax Tips IMF programme & SBP Amendment Bill Open to Reviews in Parliament, says Azhar HBL launches first Personal Finance Manager Solution powered by Hysab Kytab FBR Appointed Asim Ahmad as New Chairman FBR Schedule of Prize Bonds Draw from January 2021 to December 2021 CPEC Related Gwader Projects MG Pakistan going to launch a budget car in Pakistan Sindh Revenue Board Announces Tax Relief Scheme Govt Preparing to Increase Consumption of Electric Vehicles by Reducing Taxes and Prices Rupee Continues to weaken against dollar Highlights, New Taxes, Relief and Incentive Measures in Budget 2021-2022 Tax Experts disclosed FBR’s three budgetary proposals impracticable
COVID UK VAT cuts
WORLD TAXES

UK Tax News: VAT cut down for hospitality & tourism sector

By

UK Tax News: VAT cut down for hospitality & tourism sector

The Chancellor announced a reduction in VAT rate for the hospitality and tourism sectors in this epidemics situation.

UK VAT Rate Reduced

This temporary reduction in VAT rates from 20% to 5% would be maintained till March 31, 2021 instead of January 13. He said the move would “help secure 2.4m jobs in the winter”.

Restaurants particularly affected by the lock down measures, and thousands of jobs already lost in the sector. The provisional VAT cut was first introduced in July and was designed to help hotels, restaurants, cafes and pubs financially.

Price Reduction by Businesses

However, some businesses in private sector, such as KFC, Nando and Pret, have decided to offer savings directly to consumers by lowering prices in their stores.

UK-Tax-News-Vat-Cut
UK-Tax-News-Vat-Cut

The chancellor said that the VAT cuts would help “more than 150,000 businesses” over the winter.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

See also  Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: