Business Tax

AIA limit to remain at £1m until 2022

Temporary threshold in place until 1 January 2022.

Employees can receive £6 a week to cover additional costs.

Most early cancellation fees are liable for VAT.

Potential measure would ‘level the playing field’.

Treasury reveals plan to further digitise taxes.

Freelancers call for improved self-employed support.

Chancellor wants to ensure the system is fit for purpose.

Standard rate temporarily falls from 20% to 5%.

Temporary tax cuts may be revealed in July.

Tax body calls for greater scrutiny from MPs.