Government’s Coronavirus Winter Economy Plan

Coronavirus Winter Economy Plan

The chancellor Rishi Sunak announced the government’s plan to protect jobs and support businesses over the winter months on 24 September 2020. The announcements included the following: A new Job Support Scheme An extension of the Self Employment Income Support Scheme Tourism and hospitality sector VAT cut extension Coronavirus Loan payback terms extended Coronavirus Job …

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Coronavirus Tax Payment Changes

Self-Assessment Income Tax Self-assessment income tax payers will be able to defer tax payments to January 2022. This is an extension from that initially announced moving the payment on account due by 31 July 2020 to 31 January 2021. VAT The VAT cut for tourism and hospitality industries to 5% will be extended from January …

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