Two further grants under the SEISS were announced in September and have now been updated. Following the announcement last week, of a second lockdown, the government’s new package of support measures announced in the Chancellor’s…
What Now, Autumn Budget?
So, the Autumn Budget has been pushed into spring 2021, with tax rises on the cards. What should we expect in the Spring Budget? With intense speculation around tax rises to pay for the raft…
Covid related VAT reduction extended to 31 March 2020
The temporary reduced standard VAT rate of 5% for the tourism and hospitality sector was due to end on 12 January 2021, but has now been extended to 31 March 2021. You don't get that…
Bounce Back Loan Scheme Extended
The application date for the Bounce Back Loan Scheme (BBLS) has now been extended to 30 November, and the loan repayment process made more flexible. To date, the BBLS has provided more than a million…
Chancellor Unveils Winter Economy Plan
The latest pandemic support measures are much less generous than before. Despite cancelling this year's Autumn Budget, Rishi Sunak has still made an early autumn appearance before the House of Commons to announce his ‘Winter…
A new season, a new Budget
As autumn arrives, attention is turning to possible measures in the next Budget. Yet another extraordinary turn for 2020, normally seen only in an election year, will be upon us soon: the second Budget of…