Recent economic forecasts for 2020 published by HM Treasury will do little to inspire business confidence. In their comparison of independent forecasts published last month the unemployment rate is estimated to rise to 8% and in the same period, GDP falls by 9%. The only…
In an attempt to address the financial difficulties of businesses in the hospitality and tourism industries, Rishi Sunak also announced a range of VAT reductions on selected supplies for these sectors. Summary of the changes are set out below: Hospitality When you supply food and…
In his recent Summer Statement, Rishi Sunak announced changes to the nil-rate band of Stamp Duty Land Tax (SDLT) to be applied in England and Northern Ireland. This was followed by announcements from the Scottish and Welsh regional assemblies who set the rates in Scotland…
In an update to the GOV.UK website recently the following post appeared: The Chancellor has written to the OTS (Office of Tax Simplification), to ask the OTS to undertake a review of Capital Gains Tax and aspects of the taxation of chargeable gains, in relation…