Plans to protect jobs

Plans to protect jobs

The Chancellor has outlined his plans to protect the jobs and livelihoods of millions, as the country continues to try and manage the virus. Here is our summary.

Plans to extend Making Tax Digital

Plans to extend Making Tax Digital

On 21 July the government published its 10 year strategy for the tax system. This included its plans to extend the Making Tax Digital initiative.

Cut in VAT rate for leisure and tourism sectors

Cut in VAT rate for leisure and tourism sectors

As part of the government’s approach to support economic recovery, the Chancellor announced a temporary cut in the rate of VAT, from 20% to 5%, from the 15 July 2020 to 12 January 2021 for the leisure and tourism sectors.