The government has confirmed its intention that furloughed employees will be paid 80% of their wages for hours not worked under the furlough scheme. Up to 30 June 2021, this payment will be fully-funded by government and capped at £2,500 per month. From 1 July…
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…
The Chancellor, Rishi Sunak, has outlined how the Coronavirus Job Retention Scheme will operate moving forward to allow for employees to return to work part-time. Following that announcement, self-employed workers got a boost when it was revealed that they will be able to get Government…
The Chancellor, Rishi Sunak has announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme. The scheme had been due to run until at least 30 June 2020. The Chancellor has now confirmed to the House of Commons…
The Chancellor, Rishi Sunak has made a statement to the House of Commons on the government’s economic response to the Coronavirus outbreak. The Chancellor confirmed that the Office of Budget Responsibility (OBR) has said that the Coronavirus will (not surprisingly) have significant negative impacts on…
The Chancellor, Rishi Sunak, outlined a raft of measures earlier in the week to support the UK’s ailing businesses, those affected by the forbidding COVID-19 outbreak. The list that follows summarises his announcements in the order they were announced: • The Treasury is making available…