Making Tax Digital – the next steps
On 21 July, the Treasury published a report, “Building a trusted, modern tax administration system“, which sets out the Government’s…
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Bonus for employers who retain furloughed staff
The Chancellor, Rishi Sunak, presented “A Plan for Jobs” at the time of the Summer Economic Update on 8 July…
New rules for claims under the CJRS
The second and final phase of the Coronavirus Job Retention Scheme (CJRS) runs from 1 July 2020 to 31 October…
Temporary increase in residential SDLT threshold
To help boost the housing market and allied sectors, the residential Stamp Duty Land Tax (SDLT) threshold in England and…
Reduced rate of VAT for hospitality sector
To support businesses and jobs in the hospitality sector, the reduced (5%) rate of VAT applies to supplies of food…
More detail on VAT rate cut for hospitality
Following the Chancellor’s Summer Statement, HMRC has issued guidance on the application of the temporary 5% reduced rate of VAT to support the…