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Home
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2020
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August

Month: August 2020

Keep an eye on the numbers
Budgets Business Development COVID-19
Economy GDP RPI

Keep an eye on the numbers

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…

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August 27, 2020 by Ellie Roach
VAT changes
VAT & Duties
VAT VAT Reductions

VAT changes

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…

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August 20, 2020 by Ellie Roach
Stamp duty changes (residential property)
Stamp Duty Land Tax
Rishi Sunak Stamp Duty Tax

Stamp duty changes (residential property)

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…

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August 13, 2020 by Ellie Roach
Changes to Capital Gains Tax underway?
Capital Gains Tax
Capital Gains Tax CGT Rishi Sunak

Changes to Capital Gains Tax underway?

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…

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August 7, 2020 by Ellie Roach
Recent Posts
  • Tax Diary Dates December 21/January 22
  • Christmas Party & Gifts For Staff
  • Self Assessment Tax Deadline Approaching
  • Changes in VAT rates for hospitality traders
  • Autumn Budget Summary
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