Economic Statement – Wednesday 8th July Category: COVID-19Taxation - Posted On: Jul 7 2020 Tomorrow (Wednesday 8 July), the Chancellor, Rishi Sunak, will deliver an economic statement, where he will announce the start of measures intended to stimulate the economy and employment prospects. This is a big moment in the intended economic recovery and there has been much speculation as to the measures likely to be announced ranging from a temporary reduction in the VAT rate to a stamp duty holiday (LBTT in Scotland). We expect there to be encouragement for employers to take on new staff, particularly those under 25, whether that be in the form of grants, NIC holidays or an enhancement to the employment allowance. All such measures will be welcomed as the UK seeks to convert the easing of lockdown into economic recovery. As ever, our team will aim to keep you appraised of developments as soon as the Chancellor has delivered his update. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology
Economic Statement – Wednesday 8th July Category: COVID-19Taxation - Posted On: Jul 7 2020 Tomorrow (Wednesday 8 July), the Chancellor, Rishi Sunak, will deliver an economic statement, where he will announce the start of measures intended to stimulate the economy and employment prospects. This is a big moment in the intended economic recovery and there has been much speculation as to the measures likely to be announced ranging from a temporary reduction in the VAT rate to a stamp duty holiday (LBTT in Scotland). We expect there to be encouragement for employers to take on new staff, particularly those under 25, whether that be in the form of grants, NIC holidays or an enhancement to the employment allowance. All such measures will be welcomed as the UK seeks to convert the easing of lockdown into economic recovery. As ever, our team will aim to keep you appraised of developments as soon as the Chancellor has delivered his update. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology