UK Updates Guidance for Traders

The United Kingdom’s Department for International Trade updated its guidance for U.K. businesses trading internationally, according to a March 21 notice. The guidance includes updated information after an announcement from Rishi Sunak, the country’s treasury chancellor, detailing the country’s support package for businesses affected by the coronavirus pandemic, including relaxed measures for value-added taxes. All VAT bills through the end of June will be deferred until the end of the tax year, the guidance said.