Our Financial Blog
News and Events Related to Finance and Accounting.
Temporary UK VAT rate cut in hospitality and leisure sector from 20% to 5%
In the Chancellor’s summer statement of 8 July 2020, it was announced that the VAT rate applied to certain supplies in the hospitality and leisure sector will be reduced from 20% to 5%. The measure which takes effect from 15 July 2020 and lasts until 12 January 2021...
Chancellor extends Self-Employment furlough
The government’s Self-Employment Income Support Scheme will be extended, giving more security to individuals whose livelihoods are adversely affected by a coronavirus in the coming months, the Chancellor announced today (Friday 29 May 2020). Rishi Sunak announces...
UK Tax Changes from 6th April 2020
As we enter the new 2020/21 UK tax year, we provide an overview of the key changes to the UK tax rules from 6 April 2020, as well as Covid-19 related concessions. Employment The anticipated introduction of the off-payroll working rules (IR35) have been put on hold by...