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British Finance Minister Sunak plans emergency cut in value-added tax, reports the Times | Malay Mail

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LONDON, June 21 — British Finance Minister Rishi Sunak is ready to cut the value-added tax (VAT) as part of the government's latest efforts to tackle economic fallout from the coronavirus outbreak, the Sunday Times newspaper reported. Sunak has ordered officials to prepare options for reducing...

Sunday, 21 Jun 2020 08:35 AM MYT

LONDON, June 21 — British Finance Minister Rishi Sunak is ready to cut the value-added tax as part of the government's latest efforts to tackle economic fallout from the coronavirus outbreak, theSunak has ordered officials to prepare options for reducing the sales tax, including a cut in the headline rate, and zero rating more products for a fixed period, the newspaper reported.

 

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