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Residential Rates on Purchases Update

Residential Rates on Purchases Update

If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay SDLT on the amount that you pay for the property above £500,000. These residential rates apply whether you are buying your first home or have owned property before. You can...

If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay SDLT on the amount that...

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Coronavirus Testing Kits: HMRC scraps benefit-in-kind charge

Coronavirus Testing Kits: HMRC scraps benefit-in-kind charge

The government has scrapped plans to get workers to pay income tax on coronavirus (COVID-19) testing kits purchased by their employer. HMRC issued guidance on 6 July which outlined that coronavirus testing kits were to be classified as a taxable benefit-in-kind. However, the Treasury Select Committee criticised this decision...

The government has scrapped plans to get workers to pay income tax on coronavirus (COVID-19) testing kits purchased by their employer. HMRC issued guidance...

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IFS warns taxes will rise as result of coronavirus lockdown

Taxes will rise as result of lockdown IFS warns

The Institute for Fiscal Studies (IFS) has warned that the government will need to raise taxes in order to pay for the economic support measures announced by Chancellor Rishi Sunak in the Summer Economic Update. The cost of the Chancellor’s economic support measures has risen to £190 billion, according...

The Institute for Fiscal Studies (IFS) has warned that the government will need to raise taxes in order to pay for the economic support...

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Business groups react to Summer Economic Update

Business groups react to Summer Economic Update

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC) have reacted to Chancellor Rishi Sunak’s Summer Economic Update. In the Summer Economic Update, the Chancellor announced a range of measures designed to protect and create jobs...

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC) have reacted...

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Bounce Back Loan: More than 1 million businesses access

Bounce Back Loan: More than 1 million businesses access

Over one million UK businesses have now accessed government-backed borrowing through the Bounce Back Loan Scheme (BBLS), according to the latest figures from the Treasury. The Bounce Back Loan Scheme allows small businesses adversely affected by the coronavirus (COVID-19) pandemic to apply for up to £50,000. With the government...

Over one million UK businesses have now accessed government-backed borrowing through the Bounce Back Loan Scheme (BBLS), according to the latest figures from the...

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Chancellor announces Job Retention Bonus in Summer Economic Update

Summer Economic Update

On 8 July Chancellor Rishi Sunak delivered a Summer Economic Update, which outlined measures designed to boost the UK economy following the coronavirus (COVID-19) lockdown. A new Job Retention Bonus was announced, which will provide employers with a one-off £1,000 bonus for each furloughed employee who is still employed...

On 8 July Chancellor Rishi Sunak delivered a Summer Economic Update, which outlined measures designed to boost the UK economy following the coronavirus (COVID-19)...

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