HM Revenue & Customs (HMRC) has revealed that a 57-year-old man from Solihull in the West Midlands was arrested on 8 July on suspicion of a £495,000 furlough fraud relating to claims from the Coronavirus Job Retention Scheme (CJRS). HMRC says he is the first person to have been arrested in connection with fraudulent claims…
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Download our updated Coronavirus Support grids
Following the Chancellor’s Summer Economic Update on Wednesday 8 July, we have comprehensively updated our Coronavirus Support Grid and our Coronavirus Support Timeframes. Together, the grids offer a helpful overview to the support available at any given time, with substantial changes to the availability of different schemes over the coming weeks and months. View the…
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Guidance on hospitality and tourism VAT cut published
HM Revenue & Customs (HMRC) has published guidance on temporary cuts to the rate of VAT from 20 per cent to five per cent from Wednesday 15 July 2020 to 12 January 2021 for certain goods and services in the hospitality and tourism sectors. The reduced rate was announced by the Chancellor at the Summer…
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Details of ‘Eat Out to Help Out’ scheme confirmed
The Government has now confirmed details of the ‘Eat Out to Help Out’ scheme, announced by the Chancellor at his Summer Economic Update on Wednesday 8 July. The scheme covers the cost to restaurants, cafes and pubs that sell food of providing a 50 per cent discount, capped at £10 per head, on food and…
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Summer Economic Update
When the Chancellor, Rishi Sunak, delivered his Spring Budget on 11 March to the packed benches of the House of Commons, the hope was that the economic impact of the Coronavirus outbreak would be ‘V-shaped’, with an immediate bounce back to prosperity. Since then, nearly four months of onerous restrictions have shuttered large sections of…
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Government announces £10 million tourism rescue package
The Government has announced that tourism providers in England and Wales can now apply for a share of a £10 million rescue package designed to support the sector.
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Government announces new stamp duty rates for non-residents from April 2021
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