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<p>The temporary reduced rate of VAT was introduced on 15 July to support the cash
flow and viability of over 150,000 businesses and protect 2.4 million jobs in the
hospitality and tourism sectors, and is due to run until 31 March 2021.</p><p> </p><p>The
Government has also announced a significant support package to help businesses from
a whole range of sectors through the winter months, which includes an extension of
the Coronavirus Job Retention Scheme, an extension of the Self-Employment Income Support
Scheme grant, and an extension of the application window for the Government-backed
loan schemes. Alcohol duty was frozen at Budget 2020 to help pubs and the alcoholic
drinks sector.</p><p> </p>The Government keeps all taxes under review, and any future
tax decisions will be made at Budget.
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