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A round up of topical news articles.
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On 8 July, Chancellor Rishi Sunak announced a three-point plan to support jobs in the wake of the COVID-19 pandemic when he delivered a Summer Economic Update to Parliament.
Chancellor Rishi Sunak announced a temporary cut in the rate of Stamp Duty Land Tax (SDLT) in order to boost confidence in the flagging housing market in his Summer Economic Update.
On 1 July, changes to the Coronavirus Job Retention Scheme (CJRS) saw flexible furloughing introduced.
The government has expanded its COVID-19 support for start-ups and innovative companies with the launch of a new fund.
The Bank of England has increased the stock of purchases of UK government bonds to help boost the UK economy following the coronavirus (COVID-19) pandemic.
The Financial Conduct Authority (FCA) has confirmed further support for users of certain consumer credit products if they are experiencing temporary payment difficulties due to the coronavirus pandemic.
The introduction of off-payroll rules to the private sector will go ahead as planned next April after an attempt to delay them failed in the House of Commons.
The Federation of Small Businesses (FSB) has found that the UK's late payment crisis has worsened during the coronavirus (COVID-19) lockdown.
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These are unprecedented times with the “goalposts” changing every day. We are trying to continue to provide our clients with a first-class service but with many of our team working from home, this coupled with the need to stop non- essential contact and all unnecessary travel means certain changes are inevitable.
We request people don’t come into the office unless necessary (dropping off and collecting records etc is still ok). Please contact us (phone/email) before arriving so that we can ensure the office is open. Client meetings will need to be rescheduled to video calls or phone calls. Whilst PHM phones will still be manned it would be a help if clients emailed with a query or just to ask someone to call back.
We sincerely hope that none of the above creates a problem for you.