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The anticipated guidance in relation to the Coronavirus Job Retention Scheme (CJRS), which will see employers reimbursed for 80% of employee salaries up to a cap of £2,500 per month and associated wage costs for furloughed workers, has been published.

Alongside the daily government updates, there are dedicated guidance pages for employers and businesses through the gov.uk website which can be accessed through the following link:

Budget 2020: Rishi Sunak defends giveaway as he vows to steer UK economy through Coronavirus crisis.
Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.

The Chancellor’s 2019 Spring Statement gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed.
Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.

The VAT domestic reverse charge for building and construction services was due to come into effect from 1st October 2019, this has now been delayed until the 1st October 2020.
Given the scale of the changes, it would be appropriate for businesses to plan for the reverse charge now.

Making Tax Digital for VAT (MTDfv) ushers in mandatory new requirements from 2019. However, the change isn’t just about VAT: MTD affects the very way that businesses keep accounting records. In this factsheet, we outline how you can plan for compliance.