Our summary of the Summer Economic Update provides an overview of the key announcements arising from the Chancellor’s speech. Measures include a new Job Retention Bonus to support the phasing out of the Coronavirus Job Retention Scheme (CJRS), a VAT reduction for businesses in the hospitality and tourism sector and a temporary increase to the nil-rate band of residential Stamp Duty Land Tax (SDLT).
Additionally, throughout the summary you will find informative comments to help you assess the effect that the proposed changes may have.
To read our summary, please click here
If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s speech, please get in touch by emailing your client manager, or calling the Bury office at 01284 755956 or the Wymondham office 01953 438450.