The Chancellor, Rishi Sunak, delivered the Mini-Budget on 4th July 2020 in a response to the Covid-19 outbreak. Our specialist Personal and Corporate Tax Teams have summarised the key announcements below.
The first in a series of quick-fire client interviews held during lockdown, we speak to Chris Miller, founder of White Rabbit Fund, backer of restaurant brands such as Kricket, Kym’s, Lina Stores and Island Poke, and a star of BBC’s Million Pound Menu. Chris discusses how they have been affected by Covid-19, how operators should plan ahead and shares his advice to other restaurateurs.
Following the recent developments surrounding COVID 19, our top priority remains the health and well-being of our colleagues, whilst ensuring that we are available to continue to deliver a high quality service to all our clients. We have long been a supporter of agile working and have invested heavily in secure, cloud based technology. As a result, we do not expect day-to-day business to be impacted, but have implemented a range of measures to ensure an uninterrupted service
Updated 1 July 2020. Read more about COVID-19 Coronavirus Job Retention Scheme, how to apply for the Coronavirus Job Retention Scheme and how to furloughed workers. It was confirmed that the Government will help employers pay wages via the COVID-19 Coronavirus Job Retention Scheme. It is understood any business that “furloughed workers” will be eligible for the scheme.
Find out more about the COVID 19 (Coronavirus) Business Interruption Loan Scheme. The Chancellor confirmed between £1,000 to £5 million will be available for SMEs via the COVID-19 (Coronavirus) Business Interruption Loan Scheme from 23rd March 2020.
Today, 17th March 2020, the Chancellor Rishi Sunak announced further measures to support the economy. He said COVID-19 is "a public health emergency but also an economic emergency" and "will do whatever it takes".