Coronavirus: VAT break, business loan scheme and self-assessments

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Businesses across the UK will pay no VAT from now until June 2020.

The Chancellor Rishi Sunak made a number of announcements for businesses during his speech this evening (March 20).

Mr Sunak announced the deadline for self-assessment of taxes would be extended to January 2021.

And the governments Coronavirus Business Interruption Loan Scheme would now be interest free for 12 months, and not 6 months as previously announced.